Tuesday, February 7, 2012

Obama Nominates JP Morgan Banker to FDIC Board

Our deposits, or lack thereof, at the bank insured by the FDIC just got a lot more secure.

President Barack Obama today nominated a JPMorgan Chase & Co. (JPM) executive to the five-member board of the Federal Deposit Insurance Corp.
Jeremiah O. Norton, 34, who is an executive director in the bank’s JPMorgan Securities unit, previously served as a policy adviser in the U.S. Treasury Department during the administration of President George W. Bush. Before that, he was an aide to a Republican congressman, Edward Royce of California.

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