Jamie Dimon has been running JPMorgan Chase for nearly two decades . The business press still hails him as the man who steered the bank through the 2008 financial crisis.

I’m less impressed. It’s easy to look steady at the helm when you’re floating on a $29 trillion sea of taxpayer bailouts.

This is what half a century of bipartisan corruption produces: a crony capitalist system that privatizes profit, socializes loss, and lets the rest of us drown.

Yes, Dimon saw the 2008 crash coming and made some smart adjustments ahead of the collapse. Credit where it’s due — barely. But once the dust settled, JPMorgan rewarded itself handsomely for surviving the storm.

JP Morgan said yesterday that its earnings "fell short" of their potential last year — but it still felt able to hand it

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