Jamie Dimon is the rake.https://www.epsilontheory.com/the-rake/#.Xcr0Bbv-W1Q.twitter …
Can you explain to me why the laws in your piece are needed? Why doesn't knowledge of the take by shareholders keep it in check?
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Because the shareholders are represented by a board of directors who are in on the game.
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Thanks. But, why isn't this acknowledged by individual shareholders? I don't have to buy JPM. I could buy stock from another bank that didn't have a rake right? It seems like shareholders are tacitly accepting this problem for short-term gains. Right?
End of conversation
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