Wednesday, May 18, 2011

J P Morgan Chase Shareholders Meeting Held Behind a Moat

The recent shareholders meeting of J.P. Morgan Chase, one of the four largest banks in the U.S., and an alleged serial violator of mortgage servicing laws and contracts, was held at J.P. Morgan Chase's property in Columbus, Ohio. According to reports, the entire building is surrounded by a moat. FireDogLake has a video of protesters crossing the moat as they try to approach the building to disrupt the meeting.

FDL also carries an excerpt from a Washington Post Online article, with this instantly classic quote of an exchange within the meeting between a dissident shareholder, and J.P. Morgan Chase CEO Jamie Dimon.
Inside, several shareholders spoke out against the bank’s handling of mortgage foreclosures.

“As a person of faith, my God believes you shouldn’t take advantage of people when they are down,” said Dawn Dannenbring of the community group Illinois People’s Action, addressing CEO Jamie Dimon. “Do you believe in the same God I believe in?”

Dimon answered: “That’s a hard one to answer.”

Yeah, Dimon would be one of those banksters President Obama called, two years ago, a "savvy businessman." Obama's remark was actually about Goldman Sachs' CEO Lloyd Blankfein, which allows us to remind readers that Blankfein infamously argued that he and his bankster chums on Wall Street were "doing god's work."

So, it's quite an important question to determine exactly which god Dimon and Blankfein believe in, and what "work" that god has directed be done.

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