JAMIE DIMON USES HIS MOUTH TOO MUCH

In a time of national unrest, outrage, chaos and economic downfall, it is evident that companies across the globe must acknowledge the systematic oppression and racism that is rampant across the globe, most predominantly in America today. 

On June 1st, CEO of JPMorgan Chase, Jamie Dimon, felt that his voice was one of clarity and compassion and so wrote via LinkedIn a lengthily statement consisting little real substance on what is currently happening throughout the country. 

This fuck needs to check himself before he slips and injures his rep even more. Lest we forget, as the saying goes. Jamie Dimon is a Racist. His track record speaks for itself. 

In 2013, JPMorgan Chase agreed to pay $13 billion as part of a settlement with the Department of Justice (DOJ) and several states over these predatory mortgages. In 2014, JPMorgan Chase agreed to pay another $614 million for “fraudulent lending practices.” In 2017, DOJ fined the bank another $55 million for charging at least 53,000 Black and Latino borrowers higher rates and fees on mortgage loans than similarly-situated white borrowers. As the DOJ explained, “Chase's pattern of discrimination has been intentional and willful, and has been implemented with reckless disregard of the rights of African American and Hispanic borrowers.” Numerous other cities, states, and private plaintiffs also sued the bank for predatory or discriminatory lending practices. 

“These incidents are the latest in a troubling list of discriminatory practices by your bank. Your public acknowledgment that racism and hate do not reflect your stated values and your stated commitments to remedy racism in the banking industry are hard to take seriously unless followed by prompt action.  In practice, JPMorgan Chase continues to engage in discriminatory treatment in branching, lending, and employment,” senators wrote.