Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Elizabeth Warren Scolds Jamie Dimon
Posted
May 28, 2021
Views
8,327
Likes
377
Comments
82
Engagement
5.51%
May 28, 2021
8,327
377
82
5.51%
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"It was a lovely sentiment. The only problem, as Sen. Elizabeth Warren noted during a hearing with Wall Street banks on Wednesday, was that banks failed to extend the same courtesy to their customers that the Fed offered them.
Warren took particular issue with the bank JPMorgan Chase, which, she said, collects more than seven times the amount in overdraft fees as its competitors — a total that amounted to almost $1.5 billion dollars in the last year alone. If the bank had instead waived the fees last year, Warren said, it still would have generated a cool $27.6 billion in profit."*
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