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Watch: Democratic congresswoman corners billionaire CEO Jamie Dimon over pay disparity at JP Morgan Chase — and leaves him speechless

Jamie Dimon, CEO of JPMorgan Chase, is among the wealthiest Americans in the banking sector. And Rep. Katie Porter of California, questioning Dimon this week, pointed out just how great the disparities can be between Dimon’s pay and the salaries of some of his employees.

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Wall Street CEO Forced to Immediately Walk Back Absurd Claim He Could Beat Trump Because He's 'Smarter'

According to CNBC, JPMorgan Chase CEO Jamie Dimon told a New York conference on economic growth that he thinks he could defeat President Donald Trump in a one-on-one contest.

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Biggest Wall Street Bank CEO Condemned Trump's Paris Agreement Pullout - He's Still Financing Fossil Fuels

Wall Street's biggest bank, JPMorgan Chase, just posted record earnings. Its quarterly profit surged 35 percent to an all-time high. CEO Jamie Dimon's take-home pay soared to a stunning $141 million. But while Chase's shareholders and top executives make hay, the climate is reeling from increasing emissions from burning fossil fuels—a trend that Mr. Dimon seems happy to finance.

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We Just Witnessed One of the Biggest Indictments You'll Ever See of a Country's Health Care System

Warren Buffett has long decried the ballooning cost of health care as a “hungry tapeworm on the American economy,” eating up the country’s wealth from within. Evidently, Jeff Bezos and Jamie Dimon all feel the same way, as evidenced by the recent joint announcement by their three companies, Amazon, Berkshire Hathaway and JPMorgan Chase, of their plan to form a new entity that will tackle the high costs associated with U.S. health care. In a tortuously phrased press release, the announcement proclaimed that the new company would be “free from profit-making incentives and constraints,” but an Amazon spokesperson declined to comment on whether the entity would actually be a non-profit.

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Robert Reich: Here's How Big Bank and Pharma CEOs Get Away With Fraud and Greed

Last week, Congress engaged in a bipartisan barrage of CEO bashing.

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5 Jaw-Dropping Right-Wing Idiocies This Week: Palin's Insane Reaction to Ahmed Mohamed

1. Sarah Palin rants about how Ahmed Mohamed was up to no good when he brought that clock to school.

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Big Banks Claim Reform Will Hurt the Economy. Here's Why That's Bullsh*t.

Anat Admati, who teaches finance and economics at the Stanford Graduate School of Business, is co-author of The Bankers' New Clothes, a classic account of the problem of Too Big to Fail banks. On May 6th she will address the “Finance and Society” conference sponsored by the Institute for New Economic Thinking, featuring influential women who have challenged the status quo, like Federal Reserve Chair Janet Yellen, IMF Managing Director Christine LaGarde, and Senator Elizabeth Warren. Admati will join Brooksley Born, former chair of Chair of the Commodities Futures Trading Commission, to discuss how effective financial regulation can make the system work better for society. Seven years after financial hell broke loose, Admati warns that we are far from fixing a bloated and dangerous financial system —and that the system can’t fix itself. Why should you care? This gigantic house of cards could fall on you.

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Paul Krugman Destroys the Latest Lie About Why We Have Rampant Inequality

Supposedly very serious people keep talking about education being both the cause of and the panacea to our country's rampant and rising inequality. Education is great! Education is lovely! Who the heck does not love education, especially when it is both affordable and available to all? But all this supposedly serious talk about education, Paul Krugman writes in Monday's column, is a distraction from the real cause of inequality—which is power.

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Jim Hightower: JPMorgan CEO's Whining For Pity Is So Misguided

J.P. Morgan was recently socked in the wallet by financial regulators who levied yet another multi-billion dollar fine against the Wall Street baron for massive illegalities.

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Sh*t CEOs Say: 6 Outrageous Statements from America's Big-Mouthed Overlords

The sh*t CEOs say! When the chiefs of giant corporations are not blaming others for their mismanagement and unscrupulous behavior, they’re explaining why their distorted worldviews are best for the 99 percent. They do this, of course, at a time of declining national median income and huge paydays for executives.

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Why We're Heading Towards Another Financial Crisis - And How It Will Play Out

Bloomberg financial reporter Bob Ivry has written an entertaining new book, “The Seven Sins of Wall Street,” which, instead of rehashing the various illegal activities that triggered the financial meltdown, focuses on what the banks have been up to since the crisis. Much of it would be familiar to readers of this space: the Bank of America whistle-blowers who were instructed to lie to homeowners, and received gift card bonuses for pushing them into foreclosure; the London Whale derivatives trade that lost JPMorgan Chase more than $6 billion; the investment banks who traded commodities while also operating physical commodity warehouses and facilities; and more. All the while, megabanks continue to enjoy subsidies on their borrowing costs because of the (accurate) perception that they will get bailed out in the event of any trouble.

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