Today, [Carl Levin] decided to serve up en brochette Jamie Dimon, that smug moocher of the public purse from JP Morgan. This comes on the heels of a 300-page report from Levin's subcommittee in which Dimon and the grifters who ran his bank make Bonnie And Clyde look like penny-ante stick-up kids working the strip malls. They also lied to each other, which is the kind of thing that will happen if you throw five weasels into a barrel and roll it down a hill.
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Charlie Pierce
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The strategy forced JPMorgan Chase to reduce and restate first-quarter earnings last year. It ultimately led to a 50% cut in Dimon's 2012 pay, reducing his annual compensation to $11.5 million.Try not to gag on that last sentence and then gaze in awe. ... This is the kind of thing that everybody said was terrible in 2008, and everybody said should never, ever, happen again, and if we only hand over a few trillion, well, everything will be all better and Daddy will get well and never loot your piggy bank again because Uncle Bookie gave him a sure thing in the fourth at Belmont. If anybody tried this crap at the track, they'd limp home with two kneecaps turned around the other way.
Charlie Pierce
The whole story is available through that link and the links embedded therein if you care to read it.
...but hey, do what you want...you will anyway.
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