JP Morgan Chase Concerns

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The following is a list of concerns from Occupy Portland.

Chase Profits white the 99% struggle

JPM ’08 & ’10 campaign contributions: $6.2 million^[1]
JPM bailout and backstop funds: $95.7 billion^[2]
After the bailout, JPM laid off: 14,000 workers^[3]
JPM raised your bank fees: +249.5%
JPM Profits for the 3rd quarter of 2011: $4.26 billion^[4]
JPM Median bank teller wage: ~24,000/year^[5]^[6]
2010 CEO Jamie Dimon’s pay: $20.8 million^[7] (893 times a bank teller’s median wage)
Effective tax rate in 2008 -33.4% ( Your tax dollars are at work propping up JPM )

References

Occupy Portland

[1] ttp://www.opensecrets.org/industries/contrib.php?ind=f03&cycle=2010

[2] ttp://nomiprins.squarespace.com/storage/bailouttallyoct2010.pdf

[3] ttp://in.reuters.com/article/2009/02/26/idINIndia-38235920090226

[4] ttp://www.huffingtonpost.com/2011/07/14/jpmorgan-chase-profit-earnings-mortgage-foreclosures_n_898322.html

[5] ttp://www.glassdoor.com/Hourly-Pay/JPMorgan-Chase-Bank-Teller-Hourly-Pay-E145_D_KO15,26.htm

[6] ttp://www.bls.gov/oes/current/oes433071.htm

[7] ttp://www.reuters.com/article/2011/04/08/us-jpmorgan-idUSTRE73681B20110408

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JP Morgan Chase Concerns

References

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