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- Jamie Dimon’s Deeply Conflicted Role as “Rescuer” of First Republic Bank Requires a Credible Investigation
Jamie Dimon’s Deeply Conflicted Role as “Rescuer” of First Republic Bank Requires a Credible Investigation
by Pam Martens and Russ Martens Wall Street on Parade
The Board of Directors and shareholders at the largest bank in the U.S., JPMorgan Chase – which has more than 5,000 Chase Bank branches dotting the landscape from coast to coast – have ample reason to ask themselves where the loyalties of the bank’s Chairman and CEO Jamie Dimon exactly lie.
Dimon, who has come under withering negative publicity for the bank’s many years of catering to the cash payoff needs of child sex trafficker Jeffrey Epstein, had an urgent incentive to want to change the subject. So a media blitz ensued around his role as rescuer of the sinking carcass of a much smaller bank, First Republic Bank – which has its own dubious distinction of being the bank that wired the hush money to porn star Stormy Daniels by Trump attorney, Michael Cohen.