In 2008, the American banking system nearly created one of the most financially devastating eras. Four years later, CEOs like JPMorgan’s Jamie Dimon and his top executives are still taking America in the wrong direction. Very recently, JPMorgan Chase made a risky investment that resulted in a $2 billion lost, with anticipation of additional loses in profits in the days to come. The American people are tired and will deliver a giant letter asking Jamie Dimon to resign as CEO.
Americans everywhere are concerned that the banking system’s risky trade practices are sucking the life out of the economy with similar precursors to the recession in 2008; giving heed to predatory lending, home foreclosures and massive layoffs. We need CEOs who will make the best decisions for America; not just their company’s bottom line. “In how we manage that portfolio, we did lose $2 billion trading. In hindsight, we took far too much risk,” Dimon said. “The strategy we had was barely vetted. It was barely monitored. It should never have happened.”
What: JPMorgan Chase account holders asking the CEO to resign from his position on the day of JPMorgan’s annual shareholders meeting.