Wednesday, August 28, 2013

JPMorgan would be worth more broken up

JPMorgan CEO Jamie Dimon: 'I will dong-slap you with my huge wallet.'

So what's Jamie Dimon and his pocket board's excuse for not voluntarily breaking themselves up and giving their shareholders a 30 percent premium?

We know the answer why not: power.  Dimon doesn't want to give up control of JP Morgan's four main divisions: asset management, retail banking, investment banking and private equity. 

Break up the TBTF banks! 

By Eleazar David Melendez
August 26, 2013 | Huffington Post

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