Jamie Dimon Resigns From JP Morgan, Says ‘Put Bankers in Jail’
http://dailycurrant.com/2013/02/22/jamie-dimon-resigns-jp-morgan-put-bankers-jail/
Business
Jamie Dimon Resigns From JP Morgan, Says ‘Put Bankers in Jail’
head of a Wall Street investment bank, resigned as Chairman and CEO of JP
Morgan Chase today.
Britian’s Financial
News, Dimon says he is tired of working in the “bankrupt
moral culture” of finance and called for a criminal investigation into
wrongdoing at JP Morgan and other major investment
banks.
I consider to be unethical and sometimes even illegal behavior at the highest
levels of Wall Street,” the letter reads. “I thought that I could
change the system from the inside. But over the past few years I have been
proven wrong.
my closest staff, the recent losses at our Chief Investment Office and the
global LIBOR scandal show that firms such as JP Morgan have simply become too
big to manage.
posts as Chairman and Chief Executive Officer of JP Morgan Chase effective at
noon EST today. And I urge global regulators to introduce new rules seeking to
limit the size of scope of the largest international financial institutions.”
less corrupt institution than competing banks such as Goldman
Sachs and Barclays, JP Morgan has come under fire in recent months for a number
of trading scandals. Most notably the bank lost
over $6 billion on bad derivatives bets in the notorious London
Whale fiasco.
limit his reasoning to recent events, explaining that he is disgusted by the
behavior of investment banks during the financial crisis.
greatest financial collapse in the history of this nation,”
Diamond [Dimon] recounts, “and still no one on Wall Street has been held
accountable for the crimes which have been committed.
banker guilty of fraud. I can think of 15 people off the top of my head who
should be behind bars.
in jail? If you rob a bank, you go to jail. If a bank robs you, it gets a
bailout. We need to end this cycle of impunity on Wall Street. And I am
prepared to testify against my fellow bankers if need be.
long. Honestly it was probably the money. But I started doing yoga last month,
and have been thinking about researching Buddhism. I’m ready to turn over
a new leaf, and find something else besides money upon which to base
my self-worth and value as a human being. “
inaction in Washington, given the symbiotic nexus of corruption between
political actors and big banks.
Dimon writes. “Politicians protect us from competition and criminal
prosecution, and in return we give them money to use in their campaigns.
arrangement: bribery. And you know what’s really insane? Its not even illegal.
Those idiots in Washington actually write laws regulating the manner in which
they would like to be bribed.
into a SuperPac or whatever or into a primary fund versus a general election
fund…I mean who cares how much goes into which account? Its all just
corruption plain and simple. And sadly I have been a part of it.”
responsible.” Anonymous
Thank you.
fax is option 2
Crystal
Charitable Foundation? www.myfoundation.net
Project! www.prosperityprojects.org
magnificently blessed and fully responsible.” Anonymous
Reply and type “No” in Subject. Thank you.
NESARA- Restore America – Galactic News
2013-03-26 11:25:21
Source: http://nesaranews.blogspot.com/2013/03/jamie-dimon-resigns-from-jp-morgan-says.html
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