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— Richard Vague, former head of JPMorgan’s credit card business, the nation’s largest. After quitting Dimon’s bank 20 years ago, he built and sold two big companies, setting himself up as a Center City entrepreneur, investor, philanthropist, and political donor. He endowed gene therapy pioneer Carl June’s Penn professorship, headed Penn’s publishing arm, and gave to the liberal Philadelphia 300 donor group, but also to U.S. Sen. Pat Toomey (R., Pa.). Vague is a policy scholar, publishing research against the Iraq War and making the case that too much private debt, not government spending, tends to wreck economies.
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