Jamie Dimon is a (highly selective) socialist

Cory Doctorow 12:46 pm Fri Jan 24, 2020

Jamie Dimon (previously) is the Jpmorganchase CEO who committed a $13b mortgage fraud and whose company received $25B in TARP bailout money, $500B in low-cost federal loans, and billions more through the bailout of their insurer, AIG.

He's been talking a lot of shit about how bad socialism is for the world, but as Matt Stoller (previously) points out, Dimon is a very selective form of socialism, who wants a command economy where he does the commanding and where there is no state intervention in the market except when it benefits him.

Stoller's in excellent form in this clip and well worth watching.

(via Naked Capitalism)

(Thumbnail image:
Presidencia de la República Mexicana, CC BY, modified)

Trump administration gave a $700M bailout to a $70M truck company after it allegedly defrauded the Pentagon

The Washington Post reports: The Treasury Department announced Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire… READ THE REST
U.S. appeals court rejects Trump's attempt to escape 'emoluments' lawsuit over D.C. Trump Hotel

Bad legal news for Orange President Kleptocrat today. He's gonna be in a mood. READ THE REST
Asked about dropping Mike Flynn criminal charges, A.G. Barr gives the worst answer yet

Asked about the Justice Department's intent to drop all criminal charges against impeached President Trump's first national security advisor, Mike Flynn, Trump's Attorney General Bill Barr says nothing matters, and… READ THE REST
Short Post, just one paragraph

Dessert cheesecake wafer bear claw fruitcake. Fruitcake chupa chups donut candy canes marzipan. Apple pie sweet roll tart chocolate cake macaroon marshmallow carrot cake gummi bears sweet. Pastry sugar plum… READ THE REST
Save 50% on a 1-year subscription to Dashlane's premium password manager

We all know vital information about ourselves and our private digital accounts can be compromised by cybercriminals. However, many would be frightened to know just how compromised they and their… READ THE REST
The Bite Helper removes the itch of a mosquito bite in seconds

While mosquitoes have certainly earned their title as the deadliest animal on earth, their impact on most of our lives is usually a lot less consequential. But even though they… READ THE REST