In Washington, One Bank Chief Still Holds Sway

[Dover]

Jamie Dimon, left, the chief executive of JPMorgan, and Lloyd Blankfein, Goldman Sachs’s chief, at the White House in March.

(Only One?)


New York Times
By JACKIE CALMES and LOUISE STORY
Published: July 18, 2009

WASHINGTON — Jamie Dimon, the head of JPMorgan Chase, will hold a meeting of his board here in the nation’s capital for the first time on Monday, with a special guest expected: the White House chief of staff, Rahm Emanuel.

Mr. Emanuel’s appearance would underscore the pull of Mr. Dimon, who amid the disgrace of his industry has emerged as President Obama’s favorite banker, and in turn, the envy of his Wall Street rivals. It also reflects a good return on what Mr. Dimon has labeled his company’s “seventh line of business” — government relations.

The business of better influencing Washington, begun in late 2007, was jump-started just as the financial crisis hit and the capital displaced New York as the nation’s money center. Then Mr. Obama’s election brought to power Chicago Democrats well-known to Mr. Dimon from his recent years running a bank there...cont'd

http://www.nytimes.com/2009/07/19/business/19dimon.html?_r=1&hp

[Hydra]

1. Isn't that cute...

:sarcasm:

Was this really what we voted for?

[Wapsie B]

2. And to think that somewhere last night some poor bastard robbed a convenience store

to pay for food for his family and will do hard time when apprehended. These two clowns have taken more from us than a country full of nickel and dime robberies and they're seen as leaders, able to stroll out of the White House in their $1000 suits. It's business as usual around D.C.

[Hydra]

3. Laws are for the little people

If you steal trillions, you become a respected hero.

At least as far as the propaganda goes.