The petition was launched in early May. It garnered 30,000 signatures by June 1, but has stalled recently, still short of the target of 50,000.
Get to work, people:
Thank you!
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Excerpt from Simon Johnson's Letter:
The bankers who run big Wall Street firms feel they can act with impunity because there's no real accountability; the foxes are guarding the proverbial henhouse. It is not acceptable to have Mr. Dimon involved in overseeing the management of the New York Fed, an organization that oversees his activities, decisions, and potential losses. There need to be real consequences for bankers who act recklessly with other people's money.
That accountability starts here. Jamie Dimon must immediately resign his post at the New York Federal Reserve Bank. If he will not, then the Federal Reserve System should take whatever action is needed to remove him immediately from that position.
Tim Geithner and Elizabeth Warren are both calling for Jamie Dimon to resign his New York Fed board position. Even so, Jamie Dimon is one of the best connected bankers in the country and won't give up this valuable post without a fight.
If thousands of Americans stand up to Dimon and demand his removal, the Federal Reserve System will be forced to listen. To ignore this reasonable request, increasingly being heard across the political spectrum, would risk the legitimacy and effectiveness of the entire Federal Reserve.
Bloomberg - Jamie Dimon lies about 'need for bailout'...
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Jamie laughs about buying Bear for $2 per share (with taxpayer help)...
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