‘I honestly don’t think they understand what socialism is,’ Dimon told CNBC . . .
... Former Labor Secretary, Robert Reich, called out Dimon for his hypocrisy:
Jamie Dimon, CEO of one of the biggest banks in America, thinks socialism will lead to an ‘eroding society’. Interesting.
Remember when JPMorgan Chase was fined $13 billion for mortgage fraud that helped spur the 2008 financial crisis?
Remember when Dimon’s bank then got a $25 billion taxpayer-funded bailout in 2008 after causing the crisis?
Remember when his bank raked in a record $3.7 billion in profits in 2018 thanks to Trump’s tax cut?
Remember when JPMorgan Chase used those savings to buy back $55 billion in stocks instead of boosting workers’ pay?
Someone should remind Dimon that America has socialism for the rich, and harsh capitalism for the rest.
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