Trump and Dimon: Kids in the Sandbox

FILE- In this June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon testifies before the Senate Banking Committee on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)

Jamie Dimon is a Greek American, though he doesn’t … advertise it. He is also the Chairman and CEO of JPMorgan Chase, the largest bank in America.

In any event this Greek American- yes he is- seems to be jealous of the glory of President Trump.

Dimon, judging by his recent comments,  seems to imagine  himself president of the United States, apparently thinking if Trump was elected, than why not he?

The affliction of Greece – where everyone thinks he can become a Cabinet minister …

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2 Comments

  1. Yes everyone in Greece thinks they can be a cabinet minister, just like everyone in NYC thinks they can run a greek newspaper…..it is a bit childish, but this is not royalty for life, 4 years anyone can challenge and as we have seen win….let the games begin.

    1. Sorry Pavlo…. I cannot help myself …. and please forgive me for my post…but TNH…. leaves me with no choice! If the wish to feature people in their articles….and then suggest that they telling us all we need to know. then ..it is a dirty job…..but someone has to do it! If TNH….continues to identify …made in America criminals as Greek Americans……when they are made in America…just like those lockheed Martin missiles….made in America …who were used to save 45 children in Yemen …by blowing them up, then I will write a Novel…. to highlight …why real Greeks would not vote for this fraud!

      Jamie Dimon became the CEO of JPMorgan Chase on January 1, 2006. At that point, the bank was more than a century old and had never been charged with a criminal felony. In 2014, the Justice Department charged JPMorgan Chase with two felony counts in connection with their role in facilitating the Madoff Ponzi scheme. The bank was given a two-year deferred prosecution agreement.

      The very next year, in May 2015, JPMorgan Chase was hit with a new felony count for its role in rigging foreign currency markets as part of a banking cartel. That’s three felony counts in two years and yet Jamie Dimon kept his job. Before the felony counts there was a $13 billion settlement with the Justice Department and Federal and State regulators in 2013 for JPMorgan Chase’s role in selling toxic mortgage investments to investors as worthwhile products when the bank had good reason to believe they would blow up.

      In 2012, Dimon himself was hauled before Congress to explain why his bank was making speculative bets with depositors’ money in high risk derivatives in London. The bank eventually owned up to losing $6.2 billion in the wild trades. The scandal became infamously known as the London Whale. In 2013, the Senate Permanent Subcommittee on Investigations released a damning 307-page report on the London Whale matter. The same year, the regulator of national banks, the Office of the Comptroller of the Currency (OCC), released the following statement regarding the London Whale trades:

      “The credit derivatives trading activity constituted recklessly unsafe and unsound practices, was part of a pattern of misconduct and resulted in more than minimal loss, all within the meaning of 12 U.S.C. § 1818(i)(2)(B)”; and “The Bank failed to ensure that significant information related to the credit derivatives trading strategy and deficiencies identified in risk management systems and controls was provided in a timely and appropriate manner to OCC examiners.”

      Senator Carl Levin, Chair of the Senate Permanent Subcommittee on Investigations at the time, said that the bank “piled on risk, hid losses, disregarded risk limits, manipulated risk models, dodged oversight, and misinformed the public.” And, unbelievably, Jamie Dimon continued his tenure as Chairman and CEO of JPMorgan Chase.

      The crime spree at JPMorgan Chase became so surreal that two trial lawyers, Helen Davis Chaitman and Lance Gotthoffer, published a breathtaking book on the subject, comparing the bank to the Gambino crime family. In addition to the settlements noted above, the authors add more details as to what has occurred on Dimon’s watch, such as:

      “In April 2011, JPMC agreed to pay $35 million to settle claims that it overcharged members of the military service on their mortgages in violation of the Service Members Civil Relief Act and the Housing and Economic Recovery Act of 2008.

      “In March 2012, JPMC paid the government $659 million to settle charges that it charged veterans hidden fees in mortgage refinancing transactions.

      “In October 2012, JPMC paid $1.2 billion to settle claims that it, along with other banks, conspired to set the price of credit and debit card interchange fees.

      “On January 7, 2013, JPMC announced that it had agreed to a settlement with the Office of the Controller of the Currency (‘OCC’) and the Federal Reserve Bank of charges that it had engaged in improper foreclosure practices.

      “In September 2013, JPMC agreed to pay $80 million in fines and $309 million in refunds to customers whom the bank billed for credit monitoring services that the bank never provided.

      “On December 13, 2013, JPMC agreed to pay 79.9 million Euros to settle claims of the European Commission relating to illegal rigging of benchmark interest rates.

      “In February 2012, JPMC agreed to pay $110 million to settle claims that it overcharged customers for overdraft fees.

      “In November 2012, JPMC paid $296,900,000 to the SEC to settle claims that it misstated information about the delinquency status of its mortgage portfolio.

      “In July 2013, JPMC paid $410 million to the Federal Energy Regulatory Commission to settle claims of bidding manipulation of California and Midwest electricity markets.

      “In December 2013, JPMC paid $22.1 million to settle claims that the bank imposed expensive and unnecessary flood insurance on homeowners whose mortgages the bank serviced.

      What TNH… should feature next….is how the Central Banks of Europe …which I am sure J.P. Morgan are fully vested….are merely investment partners in Corporate companies stock …which drive up the stocks, and then sell them off….without any notice….and leave the little investor dry and lost!

      What TNH…should feature next….is how these banks …have criminally made loans ….that have left …over 50& of the employable youth of Greece and Spain….. out of work!

      Spare me the obligation to write long Posts….to fully expose the depth of the corruption of our government and banks…to the demise of innocent and uninformed humanity!

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