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700UW said:
President Obama has between $500,001 and $1 million dollars in a JPMorgan Chase account, according to financial disclosure forms released Tuesday by the White House.
The bank -- that's now being looked at by the Department of Justice after posting a massive $2 billion trading loss last week -- is the home of a joint checking account the Obamas have with its Private Client Asset Management division. The Obamas have a second checking account with JPMorgan with assets between $1,001 and $15,000.
That's a big increase from his 2011 disclosure form, where the JP Morgan Chase account showed no more than $250,000 in assets.
http://www.politico.com/politico44/2012/05/obama-has-up-to-m-in-jpmorgan-chase-holdings-123545.html
White House sued for covering up crimes of JPMorgan
By Gabriel Black
15 February 2014
Better Markets, a non-profit Wall Street watchdog, filed a lawsuit Monday against the US Department of Justice (DOJ) alleging that its $13 billion settlement with JPMorgan Chase over the bank’s sale of toxic mortgage-backed securities in the run-up to the financial crisis was an illegal cover-up.
Better Markets said the deal, worked out in November 2013, “gave JP Morgan Chase… blanket civil immunity for years of alleged pervasive, egregious and knowing fraudulent and illegal conduct that contributed to the 2008 financial crash and the worst economy since the Great Depression.”
http://www.wsws.org/en/articles/2014/02/15/morg-f15.html