Jamie Dimon may be the defendant in President Donald Trump’s latest lawsuit, but the JPMorgan Chase CEO isn’t the president’s actual target in a case that ought to be understood as a fishing expedition. On paper, Trump is suing Dimon and his bank for allegedly debanking his personal and business accounts in the aftermath of the Jan. 6 Capitol riots “as a result of political and social motivations.”
In JPMC’s response to the $5 billion suit, the bank did not deny that it debanked a number of accounts associated with Trump, but instead that it only ever deactivated accounts “because they create legal or regulatory risk for the company” rather than for political bias.
For a moment, put on your tinfoil cap and consider the possibility
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