I'm really grateful JP Morgan CEO Jamie Dimon decided to once again lash out in anger at Bitcoin, as it provides us with ample opportunity to highlight a practice very near and dear to how the bank operates. Fraud.
The way the news cycle works, any topic that isn't already at the forefront of enough people's minds will be largely ignored irrespective of its importance. The fact that Jamie Dimon ironically called Bitcoin a fraud, allows us to ask highlight some very important facts about the seemingly systemic fraud inherent in America's largest bank, JP Morgan.
First, let's take a quick look at some of what Mr. Dimon said. Courtesy of the financial plutocrat network, CNBC:
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