Jamie Dimon thought about running for president

Jamie Dimon, CEO of JPMorgan Chase, said he thought about running for president. CNBC's Wilfred Frost reports on "Closing Bell."

[rcairflr]

I think Jamie Dimon would be an exceptional President. I am tired of worthless, inept, corrupt politicians. The best and brightest become CEOs of major corporations. We need them to run for President.

[tobelstoker]

I would vote for him. I like intelligent people. Warren or him both is fine, intelligence is more important than ideology. And to be honest i don't understand people being so paranoid about socialism. Europe works quite fine. I would prefer the middle between US capitalism and Europes more social systems. And if things don't work, you change again. It's called evolution.

[kiwoongpk]

He already owns the God damn world. In fact, if we finally made him official ruler, he might start investing on us so that we can praise him. Net win I guess

[ztech]

Wouldn't be first criminal-president.

[luannmarie]

Yeah think no more Criminals ....case for prosecuting the officers of JPMorgan Chase for overseeing a long pattern of criminal activity.

A tiny sampling of that pattern goes like this:

In October 2012, JPMorgan Chase paid $1.2 billion to settle claims that it, along with other banks, conspired to set the price of credit and debit card interchange fees.

In September 2013, JPMorgan Chase agreed to pay $80 million in fines and $309 million in refunds to customers whom the Bank billed for credit monitoring services that the Bank never provided.

On November 15, 2013, JPMorgan Chase announced that it had agreed to pay $4.5 billion to settle claims that it defrauded investors in mortgage-backed securities in the time period between 2005—2008.

On December 13, 2013, JPMorgan Chase agreed to pay 79.9 million Euros to settle claims of the European Commission relating to illegal rigging of benchmark interest rates.

In July 2013, JPMorgan Chase paid $410 million to the Federal Energy Regulatory Commission to settle claims of bidding manipulation of California and Midwest electricity markets.

On November 19, 2013, JPMorgan Chase agreed to pay $13 billion to settle claims by the Department of Justice, the FDIC, the Federal Housing Finance Agency, the States of California, Delaware, Illinois, Massachusetts and New York, and to consumers, relating to fraudulent practices with respect to mortgage-backed securities.

Then came the unprecedented criminal felony counts. In 2014 the U.S. Department of Justice charged the bank with two felony counts for its role in the Bernie Madoff Ponzi scheme. The bank put in writing to U.K. regulators that it suspected Madoff was running a Ponzi scheme but failed to report it to U.S. regulators. The bank allowed tens of millions of dollars to be laundered through the Madoff business bank account it maintained for decades. The bank admitted to the wrongdoing but no individual was charged at the bank. The bank was given a three-year probation and handed a deferred prosecution agreement.

The very following year, the bank was charged with another felony for its role in rigging foreign currency trading. It also admitted to that felony charge and was given a deferred prosecution agreement. Its probation for the foreign currency charge doesn’t end until January of next year. Which should be a problem for JPMorgan Chase if the Justice Department cares about its reputation and the honest pursuit of justice.

If you’re a regular citizen on probation and you seriously break the law, you are highly likely to go back to jail. In the case of JPMorgan Chase, it has been a serial recidivist and yet its deferred prosecution agreements have not been rescinded by the U.S. Department of Justice. According to the latest indictments, the activity occurred up to August 2016, when the bank was already on probation for criminal felony charges.

[OG_Jin_Bling]

Jamie Dimon as president = SP 500 @ 4000.