Banker Jamie Dimon, Tony and Cherie Blair

                                                     Bankers

Mammon, George Frederick Watts (1817-1904)

Photo Credit: Tate [CC BY-NC-ND]

 The world’s most powerful banker has attacked socialism, saying it produces “stagnation, corruption and often worse.”

Jamie Dimon, JP Morgan’s chief executive, took aim at socialism in his annual letter to shareholders and warned that it would be “a disaster for our country.”

The remarks from Dinon, who was paid $31m (£24m) last year as the head of America’s largest bank, and who is estimated by Forbes to be worth $1.3bn, were made amid an emerging new wave of left politics in the US.

Democratic socialism has been embraced by a new generation of politicians including the New York congresswoman Alexandria Ocasio-Cortez, and by supporters of Senator Bernie Saunders, a long-time socialist now making a second run for the presidency.

Many left-wing Democrats, including Sanders and Senator Elizabeth Warren, have called for the breakup of big businesses and greater regulation of banking in particular.

…Dimon has previously warned that income inequality is dividing the US. “It is absolutely obvious that a big chunk of [people] have been left behind,” he said last month.

(The Guardian, 2019)

                       How can anyone be paid £24 million pounds in a year? Complete madness.

People

[Tony] Blair was being paid up to $13 million a year from 2011 onwards to advise the regime (of Kazakhstan) … The Wall Street investment bank JP Morgan paid out £2.5 million for his services. Blair’s wife Cherie also profited from her husband’s premiership, co-founding a private equity firm to invest in – yes again – private healthcare, with plans to set up 100 private health centres across Britain.

(The Establishment, Owen Morgan, page 77)

If you’re both hard up I can give you a few quid.