No wonder Barack Obama is being nice to JPMorgan CEO Jamie Dimon: The president has up to $1 million parked in Dimon’s bank.
Obama’s money is held in a “JPMorgan Chase Private Client Asset Management” checking account, according to the president’s 2011 financial disclosure forms, released Tuesday. Obama praised Dimon Tuesday during an airing of ABC’s talk show “The View” as “one of the smartest bankers we got,” despite the bank losing $2 billion in a complicated transaction that originated in London.
Dimon is not just Obama’s bank.manager. He’s also a conduit to much-needed political donations from Wall Street’s most successful capitalists. The JPMorgan account is only one slice of Obama’s wealth, which the asset disclosure form describes broadly.
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