Sanders Goes After JPMorgan CEO Jamie Dimon in New Ad

Sanders Goes After JPMorgan CEO Jamie Dimon in New Ad(Bloomberg) — Bernie Sanders goes after Jamie Dimon in a new campaign ad, labeling the JPMorgan Chase & Co. chief executive officer “the biggest corporate socialist in America today.”The jab continues criticism by the Vermont senator and presidential candidate after Dimon knocked socialism in an op-ed published last week in Time magazine as part of its coverage of the World Economic Forum in Davos, Switzerland. “Are you kidding me?” a Sanders aide exclaims in the ad, which was posted on Twitter. The spot cites Dimon’s pay, including $ 31.5 million last year, and says JPMorgan received bailouts after the global financial crisis 12 years ago.Dimon, a 63-year-old billionaire, has previously said JPMorgan, which expanded during the crisis by acquiring collapsing rivals, didn’t need a bailout to survive at the time. In 2012, he said his firm temporarily accepted money from a Treasury Department program because “we were asked to” so weaker rivals could tap it without being singled out. (Disclaimer: Michael Bloomberg is also seeking the Democratic presidential nomination. He is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)This post is part of Campaign Update, our live coverage from the 2020 campaign trail.To contact the author of this story: Todd Shields in Washington at tshields3@bloomberg.netTo contact the editor responsible for this story: Ros Krasny at rkrasny1@bloomberg.net, Magan SherzaiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.



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