JP Morgan Chase CEO Wears Cuff Links Obama Gave Him To Hearing
JP Morgan Chase CEO Jamie Dimon wore Presidential Seal cuff links given to him by President Barack Obama to his Senate Banking Committee hearing last week, sparking speculation that he may have been sending a signal to Democrats on the committee.
And what might that signal be?
First, that in 2008, JP Morgan Chase employees were among Mr. Obama's largest donors, giving a combined $808,799 to his presidential campaign.
Second, that Mr. Obama--who himself has assets valued at between $500,000 and $1 million with JP Morgan Chase--has called Mr. Dimon one of America's "smartest bankers."
Finally, as the Government Accountability Institute recently revealed, that JP Morgan Chase provides $15.2 billion in home mortgages to Democrat-backing unions AFL-CIO and SEIU.
On Tuesday, Mr. Dimon will appear before the House Financial Services Committee to discuss how JP Morgan, who previously received $25 billion in bailout money, lost almost $3 billion.