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Jamie Dimon's Raise Proves U.S. Regulatory Strategy is a Joke
By MATT TAIBBI
POSTED: January 30, 12:55 PM ET
""""If you make a big show of punishing someone, and when you're done they still don't think they have a behavior problem, you probably picked the wrong punishment. Every parent on earth knows this implicitly – but does the Obama White House finally get it, too, now, after Jamie Dimon's raise?
When the board of JP Morgan Chase gave its blowdried, tirelessly self-regarding CEO a whopping 74 percent raise – after a year in which the Justice Department blasted the bank with $20 billion in sanctions – it was one of those rare instances where Main Street and Wall Street were mostly in agreement.""""
Jamie Dimon's Raise Proves U.S. Regulatory Strategy is a Joke | Matt Taibbi | Rolling Stone
By MATT TAIBBI
POSTED: January 30, 12:55 PM ET
""""If you make a big show of punishing someone, and when you're done they still don't think they have a behavior problem, you probably picked the wrong punishment. Every parent on earth knows this implicitly – but does the Obama White House finally get it, too, now, after Jamie Dimon's raise?
When the board of JP Morgan Chase gave its blowdried, tirelessly self-regarding CEO a whopping 74 percent raise – after a year in which the Justice Department blasted the bank with $20 billion in sanctions – it was one of those rare instances where Main Street and Wall Street were mostly in agreement.""""
Jamie Dimon's Raise Proves U.S. Regulatory Strategy is a Joke | Matt Taibbi | Rolling Stone