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June 3rd, 2015 
FAKE NEWS for the Zionist agenda 
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(Jill Treanor) Jamie Dimon, the boss of JP Morgan, America’s biggest bank, has joined the ranks of the world’s billionaires – a status more often reserved for hedge fund managers, entrepreneurs and scions of already mega-wealthy families.
The banker has amassed his personal wealth – estimated at $1.1bn according to the Bloomberg billionaires index – even though JP Morgan has been issued with fines of almost $40bn (£26bn) since the 2008 financial crisis – and all of them on Dimon’s watch.
The 59-year-old has been in charge of the bank since 2005 and according to Bloomberg his stake in the company is valued at $485m.
He is the only boss of a major bank to have retained his job since the start of the crisis. As a result he is one of the most recognisable figures in the financial industry, and he has not been afraid of causing controversy. Dimon has described rules introduced since the crisis as “anti-American” and in January said banks were “under assault” as JP Morgan took another billion-dollar hit to cover its legal bills.
Dimon has also faced criticism of his demonstrations of wealth. A Christmas card in 2013 showing Dimon and his family hitting tennis balls around their vast home was described by Time magazine as “maddeningly tone-deaf”. Two years ago, speaking to a financial analyst in a televised broadcast, he responded to one question he disagreed with by retorting “that’s why I’m richer than you”.
The grandson of a Greek immigrant and son of a stockbroker, Dimon attended Harvard – where he met his wife, Judy, with whom he has three adult daughters – and began his career working for Sandy Weill, a family friend who was to become known for creating Citigroup.
The pair fell out in 1998 and Dimon eventually emerged at Chicago’s Bank One, which merged with JP Morgan Chase in 2004. He took the helm of the enlarged bank and during the 2008 financial crisis rescued the ailing Bear Stearns and bought the banking assets of Washington Mutual, the savings and loan association which had collapsed. Those deals catapulted JP Morgan to the number one bank in the US.
But after being lauded throughout the crisis Dimon’s reputation soured in 2012 when JP Morgan was struck by the London Whale trading incident which blew a $6bn hole in its balance sheet. When rumours of the potential losses swirled, Dimon dismissed them as nothing more than a “tempest in a teapot” but a month later was having to admit the scale of the figures involved.
In an interview with New York magazine, he admitted that his characterisation of the situation was “stupid”. The London Whale incident also led to $920m in fines from regulators in the US and UK – which are included in the total $39bn of fines incurred by JP Morgan since the crisis.
Reuters calculates that JP Morgan is the world’s second most fined bank over the last seven years – a period during which it says 20 banks incurred $235bn of fines. The bulk of JP Morgan’s penalties related to the sub-prime mortgage crisis.
The London Whale incident led to Dimon’s annual pay packet being halved, to $11.5m from $23m, although this has barely dented his total wealth as calculated by Bloomberg. The total is reached by including a number of other sources of wealth, such as $32m worth of properties in the upmarket county of Westchester, New York, and an apartment on New York’s Park Avenue.
Bloomberg also estimates how the $110m he made through selling his Citigroup shares when he left in 1998 would have grown in value. It calculates that the after-tax proceeds from that and other stock sales, dividends and about $115m in salary since 1991 would be worth about $540m if the money was invested in a basket of stocks, bonds, hedge funds, commodities and cash.
Dimon has faced repeated rebellions over his pay deals at annual meetings and persistent calls for his joint roles of chairman and chief executive to be separated.
Diagnosed with throat cancer last year, tests in December showed he had been cleared. His twin brother, Ted, is the director of the Dimon Institute in New York which “seeks to understand man’s potential to live consciously and holistically through a practical understanding of the human organism in action”.
Source Article from http://govtslaves.info/jp-morgan-mob-boss-muscles-his-way-to-billionaire-status/
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