Global Power Project, Part 4: Banking on Influence with JPMorgan Chase by Andrew Gavin Marshall

Image by DonkeyHotey via Flickr

by Andrew Gavin Marshall
Writer, Dandelion Salad
http://andrewgavinmarshall.com
July 3, 2013

The following was originally posted at Occupy.com.

In May, JPMorgan Chase was listed as the largest bank in the world with assets at roughly $4 trillion — some $1.53 trillion of it in derivatives. This was reported a month after the announcement that the bank had posted a record first-quarter profit of $6.5 billion.

Jamie Dimon, the bank’s CEO and Chairman, has faced a host of scandals in relation to his management of the megabank, including the loss of roughly $6 billion through the London branch of the bank — losses that Dimon was accused of hiding.

Why the Senate Won’t Touch Jamie Dimon: JPM Derivatives Prop Up U.S. Debt by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 20, 2012

Image by William Wright, seiuhealthcare775nw via Flickr

When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy in charge?”