FOX Analyst Charlie Gasparino: JP Morgan $13 Billion Fine Was Political Punishment for Criticizing Obama (Video)
FOX Business Network senior correspondent Charlie Gasparino accused the Obama Administration of targeting and fining JP Morgan $13 billion because their CEO Jamie Dimon of criticizing the failed economic initiatives of the administration.
“This is something, most of it, that JP Morgan did not do. This was something they inherited. They were asked to buy Bear Stearns. They were asked to buy Washington Mutual. During the financial crisis of 2008. Asked by the US government by Treasury Secretary Hank Paulson. I know this for a fact because Paulson once told me this… Here’s why they’re doing it. Jamie Dimon went from being the greatest banker of all time, leading his company through the financial time, doing the government a favor to a critic of the Obama administration.
And, you do not have to be a conspiracy theorist to put those two things together. The minute you start ramping up his critique of Obamanomics, of Dodd-Frank… that’s when the hammer started coming down on them. This is all about vindictiveness and it’s really bad for the American political system.“