OOPS. I had my megabanks mixed up in a previous Tweet. Jamie Dimon is not CEO of Citibank.
To set things right, here's Matt Taibbi with a post on the antics of JPMorgan Chase.
Essentially, Jamie Dimon handed Birmingham, Alabama a Chase credit card and then bribed its local officials to run up a gigantic balance, leaving future residents and those residents’ children with the bill. As a result, the citizens of Jefferson County will now be making payments to Chase until the end of time.