How can you ensure that the interests of TBTF Wall Street mega banks and the military-intelligence-industrial complex remain aligned? Create a revolving door of course.
This is a trend I’ve been following over the past several years. Below are a couple of notable examples:
Now for the latest. From the Wall Street Journal:
J.P. Morgan Chase & Co. will bring on Gen. Raymond T. Odierno, the recently retired chief of staff of the Army, as a senior adviser to the firm, the bank announced Thursday.
Starting Sept. 1, Gen. Odierno will advise the bank’s board and Chief Executive James Dimon on topics such as the risks of doing business in various countries, technology and physical and cybersecurity.
At J.P. Morgan, Gen. Odierno will help structure the firm’s leadership training programs, sit on the firm’s military and veterans affairs council, and will represent the bank in meetings with government officials and policy makers.
JP Morgan has a “military and veterans affairs council?” Why not, they’re the real government anyway.
J.P. Morgan isn’t the first bank to tap members of the U.S. military for their expertise. Wells Fargo & Co., the nation’s largest bank by market value, in February named Suzanne M. Vautrinot, a retired Major General and Commander in the U.S. Air Force, to its board.
In case you missed it, now would be a good time to read the article published earlier today:
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