Sen. Brown Asks Dimon Why He Makes So Much Money

The transcript discusses the decline in bank lending during the pandemic, despite the need for loans by small businesses and families. It questions the decision of banks to focus on stock buybacks instead of lending. The bank's response highlights their ability to do both, citing PPP loans and a large small business portfolio. A comparison is made with community banks, which increased lending. The discussion shifts to CEO compensation, questioning the justification for high salaries compared to lower-paid workers.

What was the percentage drop in lending by banks over the last year?

How much did JPMorgan Chase commit to small businesses in the first three weeks of May?

What reasons were given for the decline in loans during the crisis?

What impact did the PPP loans have on borrowing from lines of credit?

What is the starting wage mentioned for workers at JPMorgan Chase?