It’s no secret that Wall Street hates Sen. Elizabeth Warren (D-MA). The Consumer Financial Protection Bureau (CFPB) she helped start has already returned billions of dollars stolen by big banks back to the American people.
On a recent episode of The Big Picture, host Thom Hartmann recounts a passage from Sen. Warren’s book, A Fighting Chance, where she talks about an encounter she had with JPMorgan chairman Jamie Dimon.
Dimon told Warren what he thought it would take to get Congress to approve a nominee for head of the CFPB, saying that it would take someone who would agree to slash regulations against the big banks like JPMorgan. Warren told him that if that happened, she thought the banks would be breaking the law.
“So hit me with a fine,” Dimon told Warren with a smile. “We can afford it.”
This single anecdote perfectly sums up the attitude of Wall Street. They think they’re above the law and can simply buy their way out of trouble.
