Not Too Big To Fear… Go Bernie Go!
Looks like Sanders got underneath Dimon’s skin…
Jamie Dimon waved a placard at Bernie Sanders in his annual shareholders letter on Wednesday.
It says, in effect: “Don’t Bite the Hand That Feeds Us.
With the Democratic presidential primary battle coming to New York on April 19, including firebrand Sanders who frequently bashes Wall Street, the JPMorgan Chase chief executive sang a different tune in the letter.
Dimon argued that big banks such as JP Morgan, with structures that span corporate and investment banking, perform “mission-critical services . . . that regional and community banks simply cannot do.”
And here is Dimon’s annual shareholder letter. Click here. Check out the section under “The Banking Industry is Critical.”