Poor Jamie Dimon.
Author | Hightower, Jim |
Position | Vox Populist |
Assume that you ran a business that was found guilty of bribery, forgery, perjury, defrauding homeowners, fleecing investors, swindling consumers, cheating credit card holders, violating U.S. trade laws, and bilking American soldiers. Can you even imagine the kind of punishment you'd get?
How about zero? Nada. Nothing. Zilch. No jail time. Plus, you still get to stay on as boss, you get to keep all the loot you gained from the crime spree, and you even get an $8.5 million pay raise!
Of course, you and I would never get such outrageous, absurd, kid-glove pampering by legal authorities. But, then, we're not the capo of JPMorgan Chase, Americas biggest bank and a crime syndicate that apparently is too big to jail.
Jamie Dimon is the slick, vainglorious, silver-haired boss of the JPMorgan house of banksters. This CEO has fostered a culture of thievery during his years at JPMorgan. Yet, federal prosecutors have bowed to the politically connected Wall Streeter, refusing to ruffle his feathers with even a single criminal charge.
Meanwhile, one of the scams that Dimon directly supervised produced a $6 billion loss for shareholders in 2012. And his reign of mismanagement and illegalities cost the bank's shareholders another $20 billion in federal fines last year, resulting in a 16 percent drop in profits. You might think the bank's board of directors would at least slap Dimon's wrist for the loss, but no. In January, they rewarded him, raising his pay by some 70 percent to a sweet $20 million!
The New York Times noted that "to ordinary Americans" such a reward for poor performance "may seem curious."
Curious?
Try incomprehensible, insane, and immoral.
That's the funny thing about Wall Street banksters: They make a killing by defrauding millions of homeowners, customers, investors, and...
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