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Jamie Dimon Practicing For Presidential Purge With Mortgage-Banking Dry Run

400 of you are no longer required to MJPMCGA.
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(Getty Images)

(Getty Images)

When Jamie Dimon is sworn in as the 46th president of the United States on Jan. 20, 2021, one of his first orders of business will be to do away with all sorts of government employees drenched in Trump taint. Like, for instance, a certain central bank chief, who probably will not even get the courtesy dicking-around his predecessor did.

Anyway, he’s giving it a dry-run in JPMorgan’s red-state mortgage operations.

The bank, one of the largest mortgage lenders with about 34,000 mortgage-banking employees, is in the midst of laying off employees in cities including Jacksonville, Fla.; Columbus, Ohio; Phoenix and Cleveland particularly as mortgage servicing has fallen, the people said.

JPMorgan Chase Laying Off 400 Mortgage Employees [WSJ]


Jamie Dimon, chairman and CEO of JPMorgan Chase(Getty Images)

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And he’s spending a few hundred million dollars to prove it.