JPMorgan CEO Jamie Dimon decries socialism. Unless of course it’s the banks that need a government bailout
In his annual letter to shareholders, distributed last week, JPMorgan Chase CEO Jamie Dimon took aim at socialism, warning it would be “a disaster for our country,” because it produces “stagnation, corruption and often worse.”
Dimon should know. He was at the helm when JPMorgan received a $25bn socialist-like bailout in 2008, after it and other Wall Street banks almost tanked because of their reckless loans.
Continue reading...from The Guardian http://bit.ly/2uTxR3J
