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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.
“The fact is that the average man’s love of liberty is nine-tenths imaginary, exactly like his love of sense, justice and truth. He is not actually happy when free; he is uncomfortable, a bit alarmed, and intolerably lonely.” ~ H. L. Mencken