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As in 2008, financial stability depends on Jamie Dimon bailing out big, bad banks

The U.S. government has entrusted the same person to buy the remains of the second-largest bank failure in the nation s history whom it also entrusted to oversee the first-largest. As was true in 2008 when Jamie Dimon was beckoned by Uncle Sam to shell out $1.9 billion for Washington Mutual, the JPMorgan Chase CEO is once again responsible for cleaning up the collapse of First Republic Bank. ....

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Wages for lowest earning workers increased drastically over the last three years

The study from the Economic Policy Institute looked into 2019 through 2022, over which time workers were put in a better position financially. ....

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