After $12 Billion JPMorgan Bailout, CEO Jamie Dimon Doesn't Want Biden 'Throwing Money'

[Yo_Mama_Been_Loggin]

After scarfing up a whopping $12 billion public bailout for JPMorgan Chase, the bank’s CEO, Jamie Dimon, wants an itemized list of expenditures the Biden administration has in mind for a corporate tax increase.

“Just throwing money ... doesn’t work,” Dimon said in a taped interview posted Thursday for the Investment Company Institute’s general membership meeting. “We already waste tremendous sums of money,” he noted, referring to President Joe Biden’s infrastructure plan.

He was apparently not referring to the way banks threw taxpayer money at a mass of bad mortgage loan losses that had triggered a global financial crisis and resulted in gigantic bailout in 2008.

As for tax hikes on the wealthy and corporations, Dimon wants to know exactly how the money will be spent. He said he’s also concerned Biden’s tax hike plans are a “little crazy.”

https://www.yahoo.com/huffpost/jamie-dimon-jpmorgan-bailout-corporate-tax-hike-040645567.html

Hey Dimon go fuck yourself.

[GoCubsGo]

1. Go fuck yourself, Jamie.

Like you pay any taxes in the first place. Give me a fucking break. These pompous rich assholes...

[SoonerPride]

5. Weep for the "job creators!"

What ever will we do if we tax these poor titans of wealth greed?

They’ll stop making job for us poor serfs!

🙄

I think the French had a good idea. Just sayin.

[Pepsidog]

11. Tax this M'Fer double.

[speak easy]

16. And tax their $30b stock buybacks

- how's that for throwing money around?

https://ycharts.com/companies/JPM/stock_buyback

[Hugh_Lebowski]

2. GFYJ + 2 nt

[AnnaLee]

3. Always the quintessential ass. ntp

[OnDoutside]

4. I hope that the media ridicule the shit out of him. Asswipes like him

are an insidious cancer.

[spanone]

6. Hardly heard of peep from him during the last four years.....

money for corporations good

money for working people bad....

fuck off dimon

[blm]

7. OK, Jamie. You can discuss the details on Cspan with Sen. Warren and

Rep. Katie Porter.

[Walleye]

8. OK, I would like a list of everything my tax money is being spent on,too

[concretebluetwo]

9. "Every textbook read said bring you the bread, but guess what we got you instead"

Maybe Nick Hanauer can play this video for ol' Jamie next time they do lunch:

[Make7]

10. Mr. Dimon, could you itemize the following fraudulent trades and who approved them?

JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets

JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second involving thousands of episodes of unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds.

JPMorgan entered into a deferred prosecution agreement (DPA) in connection with a criminal information filed today in the District of Connecticut charging the company with two counts of wire fraud. Under the terms of the DPA, JPMorgan will pay over $920 million in a criminal monetary penalty, criminal disgorgement, and victim compensation, with the criminal monetary penalty credited against payments made to the Commodity Futures Trading Commission (CFTC) under a separate agreement with the CFTC being announced today and with part of the criminal disgorgement credited against payments made to the Securities Exchange Commission (SEC) under a separate agreement with the SEC being announced today.

“For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading..."

...

https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us

Could you also itemize the current fraudulent practices your company is involved in but have yet to be investigated or sanctioned for?

Don't your depositors and shareholders have a right to know?

[monkeyman1]

21. he who over load's ass will be bit thy ass !! remember that JP MORGAN ! DUMB ASS !!

[peppertree]

12. His advice: nickel and dimon

The billions, those are for him and the other kleptocrats.

[Evolve Dammit]

13. Typical Republican; "I got mine and FU". Sickening.

[speak easy]

15. Throwing $$$ around like your $30 Billion stock buybacks

you f'ing POS

https://ycharts.com/companies/JPM/stock_buyback

[DFW]

17. Said the arsonist to the fireman

"You guys need to be careful not to waste too much water."

[Champp]

18. repugliqons so greedy

[leftieNanner]

19. Hey Jamie!

I bet Katie Porter and her white board can explain it to you!

And I agree - "Dimon go fuck yourself."

[irisblue]

20. I still wish for this walking upright pus filled pustule on the butt crack of human kind

to be prep walked by the DOJ.
I'd also be grateful for him and a date with a guillotine in front to the New York Stock Exchange, high noon, any Saturday as an example for those oligarchs and much too slimy "financial services" people.

Yes, I have **feelings** about that guy and what he did to Columbus and the country.

[monkeyman1]

22. STOCKHOLDER'S NEED TO THINK ABOUT UNLOADING THIS CLOWN !!!

[Cicada]

23. JP Morgan actually got $108 billion

After the initial bailout they borrowed much much more from the feds