NEVER FORGET: JAMIE DIMON WAS RUNNING CHASE WHEN WE BAILED IT OUT
March 2008: the Fed put up $29 billion to pull Bear Stearns' worst assets off the books so Dimon could buy what was left.
October 2008: $25 billion of TARP money into JPMorgan.
Dimon sat on the New York Fed's board through all of it. Class A director since January 2007.
Here is how Dimon paid us back.
H-1B approvals at JPMorgan, USCIS data:
FY2009, the bailout year: 497
FY2025: 3,068
In total? 31,438 approvals since the year we wrote the check.
That makes Chase the 9th largest H-1B sponsor in the country. No other bank cracks the top 25.
India headcount over the same years, Dimon's own number: 6,000 to 60,000. The Mumbai campus Dimon is building seats 30,000 and opens in 2029.
Jamie Dimon has zero gratitude for what this country has done for his bank.
CHASE EMPLOYS OVER 60,000 ON INDIA
Wonder why he would make comments like this? Because he’s only worried about protecting his footprint in the country.
He is in India right now, outlining Chase’s expansion plans in the country.
“When I first got here (in 2005), I think we had 6,000 employees. We now have 60,000 employees across lots of technical areas and investment banking.”