Hypocrite Obama has between half a million and a million dollars in JP Morgan holdings
No wonder Obama went to bat for JP Morgan and Jamie Dimon yesterday. Aside from the fact that JP Morgan has donated millions to Obama and Democrats since 2008, Obama seems to have a significant financial interest in JP Morgan too. According to Politico, Obama has anywhere from half a million to a million dollars in JP Morgan holdings!
President Obama has between $500,001 and $1 million dollars in a JPMorgan Chase account, according to financial disclosure forms released Tuesday by the White House.
The bank — that’s now being looked at by the Department of Justice after posting a massive $2 billion trading loss last week — is the home of a joint checking account the Obamas have with its Private Client Asset Management division. The Obamas have a second checking account with JPMorgan with assets between $1,001 and $15,000.
That’s a big increase from his 2011 disclosure form, where the JP Morgan Chase account showed no more than $250,000 in assets.