Trump sues JPMorgan, Dimon for $5 billion

4,622 Views | 57 Replies | Last: 3 days ago by ErnestEndeavor
infinity ag
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Nice.
I love it when a slimy CEO gets sued. That too by the most powerful man in the world.

Poor Dimon. He called himself a "globalist" yesterday hoping to finagle himself into being able to hire more H1Bs from his "global talent pool" and today Trump sues him.

#FAFO
#DontMessWithTrump
#KillWOKE

Trump sues JPMorgan, Dimon for $5 billion over alleged debanking
https://finance.yahoo.com/news/trump-sues-jpmorgan-dimon-5-172202809.html

Quote:

(Bloomberg) President Donald Trump sued JPMorgan Chase & Co (JPM). and its Chief Executive Officer, Jamie Dimon, for at least $5 billion over allegations that the lender stopped offering him banking services for political reasons.
The complaint, filed in Miami-Dade County state court, accuses the bank of trade libel and breach of implied covenant of good faith and fair dealing. It also claims Dimon violated Florida's Unfair and Deceptive Trade Practices Act. JPMorgan didn't immediately return a call seeking comment.

Quote:

Trump said in August that banks had discriminated against him in the past. JPMorgan had asked him to close accounts he held for decades within 20 days, he said in a CNBC interview at the time. JPMorgan has denied rejecting business on ideological grounds.

Trump has singled out JPMorgan repeatedly in his push to stamp out what he sees as banks refusing to provide financial services to customers for ideological reasons. The biggest US bank disclosed in November that it's facing reviews, investigations and legal proceedings tied to the Trump administration's fight against "debanking."

With assistance from Hannah Levitt.


annie88
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AG
As he should. That Chase bank stuff was bull***** And I have been a Chase bank person for decades. It used to be Texas commerce Bank.
“Some people bring joy wherever they go, and some people bring joy whenever they go.” ~ Mark Twain
infinity ag
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annie88 said:

As he should. That Chase bank stuff was bull***** And I have been a Chase bank person for decades. It used to be Texas commerce Bank.


I've been a Chase customer since 2005. I still am, but I have moved most of my sheet to another bank.
Chase was giving me 0.01% on my checking account. I was too dumb to realize the grift for a long long time. It's on me though.

When I wised up, I moved my money, just kept $2000 in Chase (I don't want to pay account maintenance fee) and use it for bill pay. All my real work is moved to another bank which gives me more flexibility.


Dimon is a slimy charlatan. See below.

'I would beg the president': Jamie Dimon, one of Wall Street's top H-1B visa users, predicts 'pushback' because big employers need top expertise
https://fortune.com/2025/09/24/jamie-dimon-h1b-visa-pushback-jpmorgan-consequences/
Quote:

JPMorgan Chase CEO Jamie Dimon isn't completely sold on President Donald Trump's move to impose hurdles on skilled foreign workers entering the U.S.

Quote:

Trump announced in a proclamation a $100,000 fee for H-1B visas, which let U.S. employers temporarily hire non-U.S. workers, typically for specialized tech-sector jobs. The fresh six-figure, one-time fee will apply to new visas, not those with existing or renewed visas.
Dimon said while he's in favor of "merit-based immigration," the move will elicit resistance from U.S. companies that rely on expertise from non-U.S. employees.

"I would beg the president. He has accomplished border controlthat's great. I mean, I think all nations want real border control; that helps make a nation. But after that, we should have good immigration," he told CNBC at JPMorgan's 10th annual India Investor Conference on Tuesday. "I think there will be some pushback on the H-1Bs."
JPMorgan is among the top companies in the U.S. to sponsor the H-1B visa, with 1,990 total certified H-1B filings in fiscal 2024,
Business Insider reported, citing publicly available U.S. data. The bank will speak with stakeholders and policymakers about the shift, the Times of India reported.


Ag CPA
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Trump's mad because Dimon pointed out what a stupid idea his 10% credit card rate scheme was.
javajaws
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Debanking is bad...really bad. Its essentially a first amendment violation. If they are guilty I hope they have to pay big!
Captain Pablo
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Ag CPA said:

Trump's mad because Dimon pointed out what a stupid idea his 10% credit card rate scheme was.


Trump's fight against ideological debanking long preceded his 10% interest suggestion

Dimon made his statement when, yesterday?

Seriously, what's wrong with you?
1981 Monte Carlo
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javajaws said:

Debanking is bad...really bad. Its essentially a first amendment violation. If they are guilty I hope they have to pay big!

And one of the most dangerous and inhumane ones I can think of. You could potentially destroy a person's life.

Something the Nazis would have conjured up.
techno-ag
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Nah this needed to be done. Debanking is a tool of the left against conservatives and right-leaning organizations. Look at the efforts to not allow sales at gun shops etc.
The left cannot kill the Spirit of Charlie Kirk.
javajaws
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techno-ag said:

Nah this needed to be done. Debanking is a tool of the left against conservatives and right-leaning organizations. Look at the efforts to not allow sales at gun shops etc.

True - and from that perspective it is a 2nd amendment violation as well (just not relevant to Trump's case). IMO the penalties for de-banking need to be SEVERE. But I actually don't know what sort of protections exist currently (legally speaking). I'd love to hear from some of the legal people on here what they understand our current protections are from de-banking.
infinity ag
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I hope JPMC doesn't get away with just a 5 Billion fine. 5 B's mean nothing to JPMC.

The CEO needs to be arrested. Jailed for 10 years.
ToddyHill
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Don't get me started on Jamie Dimon.

Would love it if the full truth on his role in the takedown of Washington Mutual was made public.
Im Gipper
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javajaws said:

Debanking is bad...really bad. Its essentially a first amendment violation. If they are guilty I hope they have to pay big!


Uhhhhh, there's a reason Trump didn't Sue for first amendment violations.


Lawsuit is here:

https://www.documentcloud.org/documents/26500986-trump-suit-against-jpmorgan/

No surprise, debanking started as an Obama plot (page 8).


Hope President Trump takes these losers for all they've got!

I'm Gipper
javajaws
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Im Gipper said:

javajaws said:

Debanking is bad...really bad. Its essentially a first amendment violation. If they are guilty I hope they have to pay big!


Uhhhhh, there's a reason Trump didn't Sue for first amendment violations.


Lawsuit is here:

https://www.documentcloud.org/documents/26500986-trump-suit-against-jpmorgan/

No surprise, debanking started as an Obama plot (page 8).


Hope President Trump takes these losers for all they've got!


Well, I said "essentially" a 1st amendment violation. I doubt you could create a case around it directly as a 1st violation as no company is obligated to give you any free speech protections. It perhaps would have been better of me to say it was an "indirect attack on our first amendment rights".

But lets be real - they de-banked him because they didn't like his views and didn't want to associate with him any more. Slightly different than "bake the cake" as they didn't really need to do anything special here to let him to continue to do business with them. So it seems it was purely punitive on their part.
rocky the dog
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Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
1981 Monte Carlo
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ToddyHill said:

Don't get me started on Jamie Dimon.

Would love it if the full truth on his role in the takedown of Washington Mutual was made public.

That evil old fart is starting to look more and more like Klaus Schwab in his older age.

Rocky Rider
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1981 Monte Carlo said:

ToddyHill said:

Don't get me started on Jamie Dimon.

Would love it if the full truth on his role in the takedown of Washington Mutual was made public.

That evil old fart is starting to look more and more like Klaus Schwab in his older age.




What a punch able face.
Ferg
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Ag CPA said:

Trump's mad because Dimon pointed out what a stupid idea his 10% credit card rate scheme was.

29% is Usury. Prime is 6.75%. Set lower limits if they holders have risk factors, but those rates are out of control.

10% is probably too low, but that's how Trump negotiates.

I Am A Critic
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If Chase had been asked to bake a gay wedding cake and said no, everyone would be patting them on the back. It's a free market economy. If someone doesn't want to do business with you, find someone else.
Username checks out.
ToddyHill
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Wow, Larry Kudlow just inferred the Biden administration put pressure on JP Morgan to de-bank Trump.
Pizza
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rocky the dog said:




Sew them!
flown-the-coop
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ToddyHill said:

Wow, Larry Kudlow just inferred the Biden administration put pressure on JP Morgan to de-bank Trump.

Yea he did. And he indicates Dimon is not exactly denying it.

Do they settle to protect Biden? Will this fund and even grander more beautifully library? Stay tuned.
TKEAg04
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Prepare thyself….
Garrelli 5000
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I've said it before and happy to repeat.

Jamie Dimon preached for government confiscation of private property to fight climate change.

He cannot start his eternity in hell soon enough.
annie88
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I keep most of my stuff in Fidelity, but I do still have checking through Chase.

It's just crazy in my lifetime that you're having American companies literally do things based on a person's beliefs or who they support politically.

I mean, I'm sure over history either have been some pretty messed up things but in this day and age it's pretty damn weird. Messed up.
“Some people bring joy wherever they go, and some people bring joy whenever they go.” ~ Mark Twain
javajaws
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Won't be long now before we have a full division in US corporations: red ones and blue ones.
annie88
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Ferg said:

Ag CPA said:

Trump's mad because Dimon pointed out what a stupid idea his 10% credit card rate scheme was.

29% is Usury. Prime is 6.75%. Set lower limits if they holders have risk factors, but those rates are out of control.

10% is probably too low, but that's how Trump negotiates.




BINGO.

So many still don't get him. He did this over and over and usually gets what he wants or a decent compromise. Not always, the world doesn't work that way, but usually. People always underestimate him or don't understand. And there's also their massive TDS.
“Some people bring joy wherever they go, and some people bring joy whenever they go.” ~ Mark Twain
jja79
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How is Chase still in business and how is Dimon not in prison for enabling and turning a blind eye to the Madhoff ponzi scheme?
carl spacklers hat
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TBTF
People think I'm an idiot or something, because all I do is cut lawns for a living.
infinity ag
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javajaws said:

Won't be long now before we have a full division in US corporations: red ones and blue ones.


It's already there. Where have you been javajaws?

This divide already exists. It is just showing up in the open now.
infinity ag
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jja79 said:

How is Chase still in business and how is Dimon not in prison for enabling and turning a blind eye to the Madhoff ponzi scheme?


Because he is a billionaire and a big bank CEO.

In this country, we worship billionaires (crooked ones too) and grovel in front of them thinking one day.... maybe one day we will also get rich like them if we work hard enough. Then we call it the "American way" so that we don't feel guilty about our actions.
Ag CPA
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Captain Pablo said:

Ag CPA said:

Trump's mad because Dimon pointed out what a stupid idea his 10% credit card rate scheme was.


Trump's fight against ideological debanking long preceded his 10% interest suggestion

Dimon made his statement when, yesterday?

Seriously, what's wrong with you?


Dimon made the statement a week ago.

Two days later, over the weekend ,Trump said he would sue, see a pattern?

It's well known that most MAGA's aren't financially literate but I'm amazed by how much of it shows on this board, many of those with Ag tags no less.
flown-the-coop
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Dimon has been critical of many Trump actions. And I believe this lawsuit has been in the works for a while.

Maybe he had enough and pulled the trigger. Or more likely this is when Trump legal team wanted to file it.

But the piss poor jumped to conclusions over something Trump has long been bloviating about and to tie it to one of Dimons many many dumbarse remarks just to seem anti Trump enough he still gets invites to lib fantasy gatherings.
ErnestEndeavor
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Agree with this sentiment. Dimon had the nerve to criticize Trump and he's paying the price.

He's a sleazeball but this just seems like getting back at a guy who won't bend the knee.

As someone who agrees with about 95% of Trump's policies I wish he would just focus on those things instead of all of the personal stuff.
The Unforgiven
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Hey jackwagon. Most CPA's I know aren't financially literate either. They just know how to run numbers. I have dealt with a lot of customers where their cpa cannot figure out RMDs or know what is a qualified HSA or 529 distribution. Hell they don't even know the correct distribution codes on Ira's. Don't get me started on 1099s for non-retirement accounts and how to read them. The customer comes and says their cpa says this isn't right and we need to change it. I just tell them they need to fire their cpa because he is an idiot. These are people that multi millionaires. So since you are a cpa I am going to lump you in with those illiterates also. I like putting people in groups like you. You want to talk trash about others on this board. That is fine we can do it to you and won't cry to the mods. Grow the f up lonely cpa man.


The Unforgiven
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You probably are 100% in short term since you are a dem and believe on living off of the government.
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