Jamie Dimon is wagging his finger from newstands across America this week, above the kind of headline his PR team can only dream of: “DIMON IS FOREVER: Why Jamie Dimon is Wall Street’s Indispensable Man”.
Every year JP Morgan shareholders get together for their annual kumbaya meeting on the state of the bank, and every year a few agitators propose that CEO Jamie Dimon give up his position as Chairman of the Board.
JPMorgan Chase received a cease-and-desist order from the Fed to take corrective action in its chief investment office following the "London Whale" trade. The bank also received an order to enhance its anti-money laundering compliance.
By Ellen Brown: When Jamie Dimon, CEO of JPMorgan Chase Bank (JPM), 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?"
By Simon Johnson
In an interview Thursday on PBS NewsHour, Jeffrey Brown and Treasury Secretary Tim Geithner had the following exchange:
“JEFFREY BROWN: Do you think Jamie Dimon should be off the board [of the New York Federal Reserve Board]?