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Pam and Russ Martens: Billionaire-owned media strive to save fellow billionaire Jamie Dimon
By Pam and Russ Martens
Wall Street on Parade
Monday, April 22, 2024
The Washington Post editorial board appears to have sipped the same kool aid as Bloomberg News.
As we have frequently reported, Bloomberg News has spent the better part of the last decade attempting to brainwash the public into believing that the head of JPMorgan Chase, Jamie Dimon, is a respected statesman of Wall Street. In reality, JPMorgan Chase has admitted to an unprecedented five criminal felony counts with Dimon at the helm and paid fines in the tens of billions of dollars for an additional crime wave that rivals an organized crime family.
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Billionaire Michael Bloomberg, the former mayor of New York, is the majority owner of Bloomberg LP, the owner of Bloomberg News. In 2016 Michael Bloomberg even co-authored an opinion piece with Dimon. The same year the New York Post reported that JPMorgan Chase was the second largest customer of Bloomberg;s data terminal business with 10,000 leases of Bloomberg’s terminals.
At that time the terminals cost approximately $21,000 each per lease, per year, or about $210 million being paid by JPMorgan Chase to Michael Bloomberg's company annually. Bloomberg's data terminals are the cash cow of the company.
The latest spin at Bloomberg News is over the top. ...
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