Wall Street Is Even More Craven Than We Thought

WASHINGTON ― Democrats used to see Jamie Dimon as one of the good guys on Wall Street. Once hailed as a “progressive” by The New Republic, the JPMorgan Chase CEO counted himself friends with two different chiefs of staff to President Barack Obama and traveled to the first black White House no less than 16 times. In 2009, The New York Times described him as “Obama’s favorite banker.” He has publicly supported same-sex marriage and the legalization of undocumented immigrants.

Dimon gave hundreds of thousands to Democratic Party candidates, the party itself, and even the Center for American Progress, a think tank advancing the ideas of Bill Clinton and Obama.