Dimon says coronavirus crisis is ‘wake-up call’ to build fairer economy
[editor.: economists have been saying this for some time now. But when THIS guy says it, the media pays attention]
Laura Noonan
Jamie Dimon, JPMorgan Chase’s chief executive, says the coronavirus outbreak is a “wake-up call” for government and business to build a fairer economy for millions of people “who have been left behind for too long”.
In a staff memo ahead of Tuesday morning’s annual shareholders’ meeting, America’s best-known banker said the crisis had already prompted JPMorgan to extend payment and interest relief to more than 1.5m account holders.
May 20, 2020 @ 8:58 am
Amen. MANY of us saw it coming.
Meanwhile, A federal judge on Monday allowed a federal lawsuit accusing President Donald Trump, his three eldest children and his company of collaborating with a fraudulent marketing scheme to prey on investors to proceed.
The lawsuit, originally filed in October 2018 and amended a few months later, alleges that in exchange for “secret” payments, Trump and three of his adult children used his former reality TV show “The Celebrity Apprentice” and other promotional events as vehicles to boost ACN Opportunity, a telecommunications marketing company linked to a nonprofit that used Trump’s brand to appeal to teens.
The lawsuit also accuses the Trumps of having profited off the poor and vulnerable, as people looking “to enrich themselves by systematically defrauding economically marginalized people looking to invest in their educations, start their own small business, and pursue the American dream.”