JPM Dimon Gets $23 Million, Losing Money While Jiang Jianqing at ICBC Gets $308,000, Most Profitable Bank

JP Morgan, because he can, gets $23 Million for mismanaging a bank with fake assets and losing money hand over foot, while the head of the most profitable bank in the world gets paid $308,000. That means Dimon makes 70 times what a good bank manager makes. The worse you get, the more you get paid. That is our system. And Dimon still gets to sit as the industry “expert” on the NY Federal Reserve Board. Any more questions about our dysfunctional financial system? Why do stockholders stand for this?

This shows that the banks are being managed for management and against the interests of the shareholders . This is the tip of the iceberg. Having diverted hundreds of billions of dollars through off shore transactions in Bermuda, the managers of our banks are able to pick and choose when and if to repatriate that money. In China, where the most profitable bank in the world pays it’s top manager 3% of what Jamie Diamond, they would not be ignoring the PONZI scheme, they would not be ignoring the diversion of funds from investors into “off balance sheet” transactions controlled through layers of entities ultimately responding to Dimon and other key players personally. No, they would not ignore these people. They would most likely shoot them in the back of the head, like the old Soviet days when someone’s hands were found in the cookie jar.

This time the cookie jar contains our life blood. Without seizure of these assets, neither investors nor homeowners, as victims in the scheme, nor the taxpayer will ever see even a portion of their money back. And this is all known in the public domain and in inner circles. The longer the cover up of the crime, the longer we pretend the assets on the balance sheet of the TBTF banks are real, the deeper we get in our complicity with that crime.

It is time to figure out the right thing to do rather than the politically acceptable alternative, which guarantees that the banks still have the spigots running on taxpayer, investor and homeowner money and if anything will take any action that will enhance the flow of that illegal and unconscionable profit inuring solely the personal profit, wealth and power on the nation’s largest banks.