Jamie Dimon is Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co. He was named President and Chief Operating Officer upon the company’s merger with Bank One Corporation in 2004. Dimon began his career at American Express Company. Next, he served as Chief Financial Officer and then President at Commercial Credit. Dimon served as President and Chief Operating Officer of Travelers from 1990 through 1998 while concurrently serving as Chief Operating Officer of its Smith Barney Inc. subsidiary before becoming co-Chairman and Co-CEO of the combined brokerage following the 1997 merger of Smith Barney and Salomon Brothers. In 1998, Dimon was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp. He graduated at Harvard Business School. Dimon is also the Chairman of the Business Roundtable and serves on the executive committee of the Business Council and the Partnership for New York City, and is a member of the Financial Services Forum, Financial Services Roundtable and Council on Foreign Relations.
Pam Martens, Russ Martens
Wall Street on Parade, 29 March 2020
Warren Buffet is credited with the quote: “Only when the tide goes out do you discover who’s been swimming naked.”
Friday’s closing prices among some of the heavily interconnected mega Wall Street banks and insurance companies known to be counterparties to Wall Street’s derivatives appeared to show who’s swimming naked in the realm of derivatives – naked meaning who has sold derivative protection (gone short the risk) on something that is blowing up.
Pam Martens, Russ Martens
Wall Street on Parade, 20 November 2019
The New York Fed has now pumped out upwards of $3 trillion in a period of 63 days to unnamed trading houses on Wall Street to ease a liquidity crisis that has yet to be credibly explained. In addition, it has launched a new asset purchase program, buying up $60 billion each month in U.S. Treasury bills. Based on the continuing escalation of its plans, it appears to be testing the limits of what the public will tolerate. We thought it was time to answer the question: who exactly owns the New York Fed and its magical money spigot that can pump trillions of dollars into Wall Street at the press of a button.
ALI BRELAND, 13 October 2017
Larry Fink, CEO of the investment management company BlackRock, hammered bitcoin on Friday. “Bitcoin just shows you how much demand for money laundering there is in the world,” Fink said at the Institute of International Finance on Friday. “It’s an index of money laundering. That’s all it is.” Continue reading “Article: BlackRock CEO: Bitcoin is an index of money laundering”