Revealed: JPMorgan Paid $190,000 Annually to Spouse of Bank's Top Regulator

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Revealed: JPMorgan Paid $190,000 Annually to Spouse of Bank’s Top Regulator

Revealed: JPMorgan Paid $190,000 Annually to Spouse of Bank’s Top Regulator

H/T Deontos

“Don’t you worry, These disbursements will wind down and cease in 2021.” <evil grin>

When will we stand up to Wall Street and their sycophants in Congress and say: “ENOUGH!”

AlterNet-

The January 22, 2009 letter carries the following statement:

“In addition, please note Mr. Dudley’s spouse previously worked at J.P. Morgan Chase (JPMC) and as a result received certain deferred income distributions from JPMC in the aggregate amount of approximately $190,000 annually.  These disbursements will wind down and cease in 2021.  We are currently in discussions with Mr. Dudley, representatives from the Board of Governors and JPMC regarding these financial interests.  These interests would only give rise to a conflict in the event that Mr. Dudley were to work on a matter having a direct and predictable effect on JPMC’s ability or willingness to continue paying these amounts to Mr. Dudley’s spouse.  Currently, no such matter exists.  We hope to come back to you with an update on this issue in the near future to let you know how it has been resolved.”

[ALTERNET]

image: Rollingstone

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