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Obama has $1 million account with JP Morgan, personal wealth of up to $10 million

 
DoorBert

User ID: 870568
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05/16/2012 06:51 AM

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Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
The president's financial disclosures for 2011, released by the White House, showed he has $500,000 to $1 million in a JPMorgan Chase private client asset management checking account.

The disclosure came as controversy deepened over the bank's $2 billion dollar losses. The US Justice Department has opened an FBI probe into the trading loss, and embattled chief executive Jamie Dimon faced criticism at the company's annual shareholders meeting in Tampa, Florida.

Mr Obama said this week that JPMorgan was "one of the best managed banks there is" despite the loss.

[link to www.telegraph.co.uk]
DoorBert (OP)

User ID: 870568
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05/16/2012 06:52 AM

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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
JP Morgan faces FBI investigation over losses

JP Morgan's Jamie Dimon was hit with a fresh blow on Tuesday after the Federal Bureau of Investigation launched a criminal investigation into the bank's $2bn (£1.2bn) trading loss that has stunned Wall Street.

[link to www.telegraph.co.uk]

Obama Bird

Last Edited by DoorBert on 05/16/2012 06:52 AM
Anonymous Coward
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05/16/2012 07:01 AM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
That doesn't seem to very much for the chief boss.

My boss has much more than that and he ys just a humble prairie boy that came from nothing, didn't even have a bicycle when he was young.
DoorBert (OP)

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05/16/2012 07:26 AM

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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
White House Press Secretary Jay Carney told reporters on Tuesday that JP Morgan's $2 billion loss is a perfect example of why President Barack Obama fought so hard for Wall Street reform and why the additional steps need to be taken.

[link to www.breitbart.com]
Anonymous Coward
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05/16/2012 07:28 AM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
That doesn't seem to very much for the chief boss.

My boss has much more than that and he ys just a humble prairie boy that came from nothing, didn't even have a bicycle when he was young.
 Quoting: Anonymous Coward 1442220


Obama was never the boss of anything until he landed the "president" gig.
DoorBert (OP)

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05/16/2012 08:53 AM

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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
President Obama, today on 'The View': JP Morgan Is "One of the Best-Managed Banks"

[link to abcnews.go.com]
Anonymous Coward
User ID: 16148035
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05/16/2012 09:17 AM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
The president's financial disclosures for 2011, released by the White House, showed he has $500,000 to $1 million in a JPMorgan Chase private client asset management checking account.

The disclosure came as controversy deepened over the bank's $2 billion dollar losses. The US Justice Department has opened an FBI probe into the trading loss, and embattled chief executive Jamie Dimon faced criticism at the company's annual shareholders meeting in Tampa, Florida.

Mr Obama said this week that JPMorgan was "one of the best managed banks there is" despite the loss.

[link to www.telegraph.co.uk]
 Quoting: DoorBert


How nice of Jamie Dimon to set Barack Obama up with a rainy day account.

Jamie Dimon & Barack Obama are like two peas in pod. Tptb set these million dollar rat-hole accounts up for each other all of the time.

Sometimes the accounts are given out as gifts.

However, most of the time they are using the rat-hole accounts for money-laundering.

JP Morgan, one of the most corrupt banks, and Jamie Dimon are working with the Obama cult.

Lock them up.

catdance
Anonymous Coward
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05/16/2012 09:27 AM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
That doesn't seem to very much for the chief boss.

My boss has much more than that and he ys just a humble prairie boy that came from nothing, didn't even have a bicycle when he was young.
 Quoting: Anonymous Coward 1442220


Obama was never the boss of anything until he landed the "president" gig.
 Quoting: Anonymous Coward 16147520


And yet no~one looks to him as a leader. Just a 1 term lame duck.
Anonymous Coward
User ID: 15433861
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05/16/2012 09:36 AM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
yet the media tried to get everyone to hate mitt cause he is rich and had a car lift installed?????

10 million is rich.

Oh, and let's talk about how much that fuck O will make in speaking fees once he is evicted next january.
DoorBert (OP)

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05/16/2012 09:53 AM

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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
2 shareholder suits filed against JPMorgan Chase over trading losses, claiming CEO Dimon misrepresented risk to investors

[link to twitter.com]
Anonymous Coward
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05/16/2012 09:54 AM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
2 shareholder suits filed against JPMorgan Chase over trading losses, claiming CEO Dimon misrepresented risk to investors

[link to twitter.com]
 Quoting: DoorBert


How much money did they receive from TARP?
DoorBert (OP)

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05/16/2012 09:58 AM

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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
2 shareholder suits filed against JPMorgan Chase over trading losses, claiming CEO Dimon misrepresented risk to investors

[link to twitter.com]
 Quoting: DoorBert


How much money did they receive from TARP?
 Quoting: Anonymous Coward 16153320


About $20 Billion
DoorBert (OP)

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05/16/2012 11:02 AM

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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
As One JPMorgan Trader Sold Risky Contracts, Another One Bought Them

[link to finance.yahoo.com]
Anonymous Coward
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05/16/2012 11:18 AM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
in 2005 when he entered the senate his net worth was around 200k,so politics is a lucrative business
DoorBert (OP)

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05/16/2012 02:49 PM

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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
Anonymous Coward
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05/16/2012 05:46 PM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
SO WHAT? where the hell were you dipshits when George W was raping and pillaging the US Treasury. you actually give a shit what a man has personally earned but never said a word about a man who stole billions from you? really?
Anonymous Coward
User ID: 17895115
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06/13/2012 09:14 PM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
----

JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats

" Jamie Dimon happens to be a long-time Democratic donor.

Dimon and his wife, Judy, have donated more than a half-million dollars to Democratic candidates and committees since 1989, according to a Center for Responsive Politics analysis of his donations. That is nearly 12 times what the couple has given the GOP.

Dimon seems to exert considerable influence within Democratic circles at a time when JPMorgan and other banks still owe the federal government billions of dollars after last year's bailouts."

" Dimon enjoys deep connections with Emanuel and President Barack Obama. Dimon was an executive at Bank One -- which later became part of JPMorgan -- at the same time that Emanuel was representing a nearby district in Congress, and the president was serving Illinois in the U.S. Senate. Dimon has donated $6,000 to Emanuel over time, including $4,000 for his first House race in 2002. He gave Obama $2,000 during his 2004 Senate campaign "

" He gave then-Sen. Hillary Clinton $2,300 in 2007, the maximum contribution allowed under Federal Election Commission rules. Dimon and his wife each contributed $2,100 to Clinton's 2006 Senate re-election campaign and $2,000 during her 2000 Senate bid. The Dimons each gave Bill Clinton $1,000 during the 1996 cycle.

The Dimons do not only support the Clintons. The couple has lavished a combined $580,600 on Democrats since the 1990 cycle. They have provided each recent Democratic presidential candidate and major party figure with some cash.

Vice President Joseph Biden ($2,000), Sen. Chris Dodd ($5,300), Sen. Tom Carper ($8,000), Sen. Charles Schumer ($12,000) and Rep. Charles Rangel ($4,500) have all received Dimon dollars. Former Vice President Al Gore received $4,000 from the Dimons in 1999. Sen. John Kerry (D-Mass.) has hauled in $7,000 from them over his career. Former House Majority Leader Richard Gephardt (D-Mo.), who now operates his own lobby shop, received $7,000 from the Dimons between 1989 and 2005."

[link to www.opensecrets.org]

----

ogrrryoda
Anonymous Coward
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06/13/2012 09:20 PM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
SO WHAT? where the hell were you dipshits when George W was raping and pillaging the US Treasury. you actually give a shit what a man has personally earned but never said a word about a man who stole billions from you? really?
 Quoting: Anonymous Coward 12045072


+1
Anonymous Coward
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06/13/2012 09:32 PM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
community organizing must be some get rich quick scheme.
Anonymous Coward
User ID: 6317675
New Zealand
06/13/2012 10:31 PM
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Re: Obama has $1 million account with JP Morgan, personal wealth of up to $10 million
That's nothing, the prime minister of NZ (an ex US reserve banker, still has shares) was worth over 50 million before he took over New Zealand.

What he's worth now is anyones guess

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