Richard (RJ) Eskow: As Senators Roast JPMorgan Chase, Are The Winds Shifting For Diamond Jamie?

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Richard (RJ) Eskow: As Senators Roast JPMorgan Chase, Are The Winds Shifting For Diamond Jamie?

Richard (RJ) Eskow: As Senators Roast JPMorgan Chase, Are The Winds Shifting For Diamond Jamie?

HuffPO-

Forgive us if we begin our discussion of the Senate Subcommittee for Investigation’s JPMorgan Chase hearing with a small victory lap, but as they say down South, “It ain’t braggin’ if it’s true.” We’ve been saying for years that JPMorgan Chase is fundamentally a criminal enterprise, that “Obama’s favorite banker” Jamie Dimon is a fraud, and that “America’s best bank” is a nest of venality and criminality. Although we value civility as much as the next guy, we’ve been forced to suggest that this bank is the “Scandal of Our Time,” a leading contender for “Worst Corporate Outlaw of the Year.”

We were also forced, civility or no, to suggest that JPM’s relationship with Syracuse University is corrupting our young people, and that the most generous interpretation of Dimon’s own tenure is that he is so profoundly incompetent as an executive that “Jamie Didn’t Know.” We also noted that Jamie did know that the London Whale scheme had cost his bank billions, even as he told investors on a phone call that it was just a “tempest in a teapot.”

If that’s not prima facie evidence of criminal stock fraud, conducted by The Man himself, it’s hard to know what is.

[HUFFINGTON POST]

Image: AP

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