Resign from the New York Federal Reserve Board Immediately
  • Petitioned Jamie Dimon

This petition was delivered to:

Jamie Dimon

Resign from the New York Federal Reserve Board Immediately

    1. David Rogers
    2. Petition by

      David Rogers

      New York, NY

Jamie Dimon is the the current chairman, president, and chief executive officer of JPMorgan Chase bank and also a board member of the New York Federal Reserve.

This constitutes an obvious conflict of interest.

Mr. Dimon can not simultaneously fulfill the competing responsibilities of advising on supervising and regulating banking institutions and also function as the CEO of the largest bank in America.

As Federal Reserve board member Mr. Dimon must advise on how to regulate banks so as to provide for a stable financial system. As CEO of JPMorgan Chase, Mr. Dimon must continually find ways to maximize his bank's profit.

JPMorgan Chase is a BANK not a hedge fund. JPMorgan Chase's deposits are backed by the Federal Deposit Insurance Corporation. JPMorgan Chase is also a "Too Big to Fail" or TBTF bank meaning that if it gets into trouble it will be bailed out by the U.S. government with taxpayer money.

Because Chase is TBTF and backed by the FDIC Mr. Dimon is incentivized to allow his organization to take excessive risks and literally gamble with Federally Backed Deposits. In fact Mr. Dimon has been one of the strongest critics of the proposed Wall Street reform and has worked to weaken and complicate this necessary regulation.

Sign this petition and demand that Jamie Dimon step down from his position of New York Federal Reserve board member. We can't have a Fed advisor whose primary duty is to maximise private profits while the tax paying public takes the risk.

Join Elizabeth WarrenEliot Spitzer, and Senator Bernie Sanders and Paul Krugman in demanding that Jamie Dimon step down from the New York Federal Reserve board.

 

 

Recent signatures

    News

    1. Reached 25 signatures
    2. Just Getting Started - Can You Spread the Word?

      David Rogers
      Petition Organizer

      Thanks for signing and all the comments.

      We have 22 supporters at the moment. Only 999,978 to go! ;)

      I think this proposal could catch fire if enough of the right people knew about it. Thats where you come in.

      Can you:

      1) Share with your Facebook or twitter list.

      2) Post a link to this page on a relevant blog or newspaper article.

      3) Take out a google or Facebook add supporting this page (no really!) Contact me and I will show you how.

      4) Perhaps the best way is to connect change.org to your FaceBook profile and invite specific people that you know might be interested.

      Thanks again and do contact me if you have any ideas on how to spread the word on this.

      Cheers,
      Dave Rogers

    3. Reached 10 signatures

    Supporters

    Reasons for signing

      • over 2 years ago

      This guy should be in prison...not on the Reserve.

      REPORT THIS COMMENT:
    • Carl Ahlers ST MICHAELS, MD
      • over 2 years ago

      Obvious Conflict of Interest.

      REPORT THIS COMMENT:
    • Toggle Switch KOKKEDAL, DENMARK
      • over 2 years ago

      We need to stop the greed and complacency of the 1%....

      REPORT THIS COMMENT:
    • Cheryl McAninch KANSAS CITY, MO
      • over 2 years ago

      I'm sick and tired, fed up to the 9th degree of these TBTF guys getting bailed out by us the taxpayers. It is indeed a conflict of interest to be a board member of the NY Fed Reserve and CEO of JP Morgan and he should resign his position at the Fed.

      REPORT THIS COMMENT:
    • Ray Lane PEMBINE, WI
      • over 2 years ago

      I'm angry that CEOs - such as yourself, Mr. Dimon - are raking in huge salaries while their business suffers huge losses. Our economy rewards the very worst behavior. Get Out Jamie Dimon!

      REPORT THIS COMMENT:

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