Conflict of Interest: Dimon is CEO of JPMorgan and Fed Board Member
Conflict of Interest: Dimon is CEO of JPMorgan and Fed Board Member
Posted by Charleston Voice, 05.22.12
While the outrage by public persons over Dimon is certainly justified and commendable, the real solution for our republic is for the people to demand of their House representatives the Federal Reserve be abolished and money creation be the responsibility of the US Treasury under the Constitution as intended?
Susanne Posel
Occupy Corporatism
May 22, 2012
Jamie Dimon, CEO of JPMorgan Chase & Co. is a serving member of the board of the Federal Reserve Bank.
Dimon was given his seat on the Fed’s board in 2007. He has enjoyed his position throughout the financial crisis that his and several other mega-banks have caused through irresponsible behavior on the global stock market.
Dimon is the only banking executive to serve two masters.
Along with DImon, the New York Fed board includes CEO’s from Banco Popular de Puerto Rico, Solway Bank, heads of Macy’s Department Store, the Metropolitan Museum of Art and representatives from Columbia University.
Senator Elizabeth Warren wants to see Dimon resign from the Federal Reserve Board. She told CBS , “I’d like to see Jamie Dimon, for example, resign from his position as a Class A director of the New York Federal Reserve Bank. The banks cannot regulate themselves.”
Read more: Conflict of Interest: Dimon is CEO of JPMorgan and Fed Board Member
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