JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats

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dimon450.jpgThe New York Times on Sunday ran a front page story about how influential Jamie Dimon, CEO of JP Morgan Chase, is in Washington these days. One big reason: JP Morgan Chase avoided the huge problems that dedeviled its peers. Interestingly, OpenSecrets.org says that Dimon and his wife are big donors to the Democratic Party. Nothing wrong with that, I suppose, except that the Democrats still cling to a failed political ideology. (Of course, the Republicans are not great either, being largely the same. Which is why I am a Libertarian.)

OpenSecrets.org says, "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." The campaign contribution watchdog goes on to note, "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."

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