Working Life

One of the people I have zero sympathy for — and the general public should have outright antipathy towards — is Jamie Dimon, the CEO of JPMorgan Chase. If the guy isn’t in jail, he should at least be unemployed — like the millions of people he helped put out of work courtesy of his financial shenanigans. Maybe he will actually end up on the short end, though I’m still skeptical even with the raft of investigations aimed at JP Morgan Chase.

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Well, the answer is probably no — at least so far. I’m all for the Treasury socking away some money. But, the money collected for these pathetic fines (pathetic in the big scheme) does not come close to outweighing the pain these manipulators, crooks, big-shot financiers imposed on tens of millions of people around the globe. It’s a travesty.

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Have I got a deal for you. You lose a few billion dollars at your job — but you keep your job and pocket $11.5 million. Is that a bargain or what? Of course, this is not the kind of deal for the little people. Nah.This is for the real screw-ups — the people who run the financial institutions who already destroyed an economy.

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So, Chicago teachers agreed to end their strike, and go back to teaching for an average of $77,000 per year. Which made me think: which is a better bargain?

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    Occupy Wall Street has been a phenomenal awakening–and I have been proud to be a part of the non-sleepover (wimp…) outer ring of regular marchers. Tomorrow, c’mon out for another important phase in holding the economic Thieves Guild accountable–with a tour of the lairs of a few billionaires who hole up in Manhattan and [...]

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   I have maintained for a long time that nothing is changing in the financial system–we are being left with the same basic game and the same people who are running the game. And, indeed, led by J.P. Morgan’s Jamie Dimon–who was, for a very long time, a go-to guy on Wall Street for the [...]

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    Excuse me while I yawn and shrug at the same time. Here we go again–a sign that nothing truly has changed and we can just sit back and prepare for the next financial implosion. The SEC has agreed to let J.P. Morgan off with a slap on the wrist to the tune of $153 [...]

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   I mean, this is pretty funny–except it’s pathetic, bizarre and, ultimately, gives all of us a great window on the "they haven’t learned anything" culture on Wall Street and the business world in general. Jamie Dimon, CEO of J.P. Morgan (and the Ten of Hearts in the 52 deck-of cards Audacity of Greed), is [...]

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   It never ends. The robbery of the great wealth of the nation. The Audacity of Greed of the CEO class is never quenched. On Friday, I wrote about the huge pay increases sweeping through the CEO class in the financial community. It’s a cancer that is spreading again everywhere. Let me start with this [...]

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   The answer is no, I’m not surprised. But, we must never lose the sense of outrage or simply shrug because "it’s just the way it is". Never. The absolute Audacity of Greed has to be challenged every moment.    In the Financial Times today: Jamie Dimon underlined Wall Street’s return to health after the [...]

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   The Wall Street Journal has an illiuminating piece about Jamie Dimon, the CEO of J.P. Morgan, today. It is both astounding and revealing because it shows exactly what we, the people, are up against when it comes to taking back the country from the people who gambled away–for their own enrichment and/or because of [...]

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   The president is going to announce today a tax on the big banks and financial institutions: The tax on banks, insurance companies and brokerages with more than $50 billion in assets would start after June 30 and seek to collect $90 billion over 10 years, according to a senior administration official who briefed reporters [...]

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