Dimon says we have the best economy in the World, then this:
"Lesley Stahl: Let's talk about the wage gap in this country between the rich and almost everybody else. How much of a problem do you see that?
Jamie Dimon: I think it's a huge problem and I think the wealthy have been getting wealthier too much, in many ways. So middle-class incomes have been kinda flat for maybe 15 years or so. And that's not particularly good in America. But in particular, at the low end, 40% of Americans make $15 an hour or less. They've particularly been left behind.
Lesley Stahl: You're talking about people who earn very little money. Listen to this statistic. Compensation for executives, CEOs, grew 940%, 940%, in the last 40 years. Your average worker, so middle class, middle class, grew 12%.
Jamie Dimon: We haven't done a good job growing our economy. And that would fix a lot of that problem."
Does Dimon want to abscond with WAMU & Lehman Assets at JPM Chase, refuse to honor prospectus guarantees and parity clauses and run charity businesses in Detroit?
How can anyone here think otherwise after seeing these two interview videos?
The WAMU balance sheet was $320B & LEHM was $613B.
Dimon paid $1.9B for WAMU when the WAMU had more than $4B cash in savings and 2200 branches.
Lehman had a $613B+ balance sheet, distributes $126B and claims there are $130B in claims subject to compromise with maybe $30B in assets remaining.
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