JPMorgan Chase, headed by a sneaky little Lefty, acquired First Republic over the weekend. That acquisition was made against Federal guidelines vis-a-vis the size of any "Too Big To Fail" bank.
But there's a reason JPMorgan Chase (headed by a sneaky little Lefty) gets away with becoming an Oligarch-Bank.
...Nineteen Republican state attorneys general asserted on Tuesday that JPMorgan Chase “de-banked” organizations for their conservative and religious tendencies, calling on the nation’s largest financial institution to respect the viewpoints of their customers....
But but but Muh DEI Index!!
...JPMorgan Chase nevertheless contends that the firm remains devoted to diversity and inclusion because of its high scores on the Corporate Equality Index, an initiative from the Human Rights Campaign, a prominent LGBTQ activism and political lobbying organization.
“To be clear, banks generally have the right to conduct their business however and with whomever they choose,” the attorneys general said in the letter. “But a bank does not have the right to mislead its customers. Chase cannot call itself ‘inclusive,’ publicize that it ‘opposes discrimination in any form,’ promise to ‘prevent discrimination’ against customers, and then refuse to commit to the most basic equality of treatment and fair dealing.”...
Dimon, thinking that he's a really smart guy, allowed JPM to be blackmailed by the FedGov (Treasury and FDIC) by committing to this ridiculous 'Equality index'; now they have JPM exactly where they want it.
Dimon is leading JPM into another Bud Light/Fox News situation. He'll make a major blunder just like they did, and find out.
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