Last week Wall Street firm JP Morgan Chase announced its CEO Jamie Dimon would be paid $17 million for 2009. As a reminder, this is the guy who said on CNBC in February 2009, “we should teach the American people you’re supposed to meet your obligations, not run from them.” So what does a Wall Street firm actually do besides sending its head salesman out to lecture Americans with a subtle threat to pay him as his firm kicks them out of their homes and jacks up their credit card rates? The time has come to reconsider this question before Wall Street destroys any remaining glimpse of a free market and free society.
