JPM "Retires" Ina Drew, Appoints Chairman Of Treasury Borrowing Advisory Committee As CIO Head

Submitted by Tyler Durden on 05/14/2012 09:12 -0400

• Jamie Dimon
• Treasury Borrowing Advisory Committee

As reported yesterday, here it is officially:

• JPMORGAN SAYS INA DREW TO RETIRE; MATT ZAMES NAMED NEW CIO
• JPMORGAN SAYS DANIEL TO STAY CEO OF EUROPE/MIDEAST/AFRICA
• JPMORGAN SAYS CAVANAGH TO LEAD TEAM OVERSEEING RESPONSE TO LOSS
• JPMORGAN CHASE SAYS ZAMES NAMED NEW CIO

Good bye Ina: we are sure that you will voluntarily claw back your $15 million bonus from 2011 one day ahead of the JPM shareholder meeting.
Now... Matt Zames... Matt Zames... where have we heard that name before... OH YES: he just happens to be the Chairman of the Treasury Borrowing Advisory Committee, aka the TBAC, aka the Superommittee that Really Runs America. In other words, the US Treasury is now firmly behind JPM.

Jamie Dimon just pulled out the trump card: we survive or the Treasury gets it.