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Thursday, March 20, 2014

Why Isn't Jamie Dimon in the Slammer?

Question: How come the CEO of a company that pays a record $20 billion in fines to Eric Holder's Justice Department gets a 74% raise and a $20 million salary the same year from his own company's board of directors? 

Matt Taibbi commented: "The biggest news was how brutal an indictment Jamie's raise was of the Obama/Holder Justice Department, which continues to profoundly misunderstand the mindset of the finance villains they claim to be regulating. Chase's responses to Holder's record penalties have been hilarious. Their first move was to make sure people outside the penthouse boardroom took on all the pain, laying off 7,500 employees and freezing salaries for the non-CEO class of line employees. Next, Chase's board members sat down, put their misshapen heads together, considered the impact of this disastrous year of settlements, and decided to respond by more than doubling the take-home pay of the executive in charge, giving Dimon about $20 million in salary and equity." Read the full article: Jamie Dimon's Raise Proves U.S. Regulatory Strategy is a Joke 

It seems to me that Jamie Dimon should be getting a 20 year-sentence in the slammer, instead of a 20-million buck raise.  But that's just me. In China, crooked banksters like Jamie Dimon are tried, convicted and executed by a firing squad. Now that's justice.

Another question: How many hamburger-flippers at McDonald's got a 74% raise last year? 

Yet another question: If an unindicted criminal like Jamie Dimon can get a 74% raise as a reward for mismanaging his company, why hasn't the minimum wage for honest, hard-working Americans been raised by 74%? 

Inquiring minds want to know...

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