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February 12, 2014

Jamie Dimon's Bird in the Hand

“Last week, Elizabeth Warren had another one of those moments that reminds all of us who want justice and accountability for Wall Street, and unrigged financial markets for the rest of us, why she is our hero. She was once again asking pesky questions of regulators about the $13 billion settlement with JP Morgan Chase that resulted in an ecstatic JPM board giving CEO Jamie Dimon a 75 percent raise — asking the questions all the rest of us were pondering… like how, if this was such a good settlement for the Department of Justice, why were the JPM kingpins dancing in the streets about it.”

“And yesterday, Wall Street watchdog Better Markets announced its lawsuit against DOJ and Attorney General Eric Holder for that same settlement. Dennis Kelleher, the group’s president and CEO, decried the government’s secretive dealings with Dimon as “violations of the Constitution, the separation of powers, the failure of checks and balances.”

 

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Read full Huffington Post article here.

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