Forum Post: do you know why JPMorgan isn't AT ALL worried about its $18 billion dollar loss?
Posted 11 years ago on June 24, 2012, 10:15 p.m. EST by Umong
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Because YOU are paying for it ....AGAIN !!!!!
When is this shit ever going to end ?????
Is JPMorgan worried about its potential $18 billion dollar loss? Perhaps not, when it could be offset by $14 billion in United States taxpayer subsidies – that’s 77 percent of its total net income in the last four quarters! And this comes as no surprise as over the last several decades governments and central banks around the world have shown willingness to keep their banking brethren solvent in times of opportunity bringing crisis.
Senator Jeff Merkley (D-Ore.) pointed out last week to the Senate Banking Committees’ Jamie Dimon homecoming that the bank would be bunk without taxpayer money – insolvent.
The Senate Banking Commitee all receive major donations from JP Morgan in elections. You can bet that Merkley is a lock for reelection this upcoming year.
I will gladley go to the casino if I can keep all my winings and have a sucker cover my sorry ass bets.
Good Data. Good Articles. Good Stuff.
Regulatory Capture of the US Federal Reserve and US Congress (both the House and Senate). This is Un-Constitutional as it deflate the US Dollar and Increases the Cost of Living (Inflation).
Implicit Subsidy by the Government to Wall Street Banks. 1) There is no chance of Competition or "Free Market" for smaller local banks. 2) Investors In US Banks don't have full Transparency of dependence and the source of "Profits" of TBTF Banks 3) Investors may face risk of loss of their 'investment" due to lack of transparency - So There Is Probably a Law that requires "Full" disclosure of the ongoing subsidies, and there maybe Illegal Financial Reporting going on. 4) Bonus's for all Employees should not be paid if the business is 'crippled' and requires "Bailouts" and Subsidies.
I don't believe the banks even need the money
Ouch! Everyone needs to see this link.
Tweeted from article page.
Good evening DKA, And with all the drug laundering money, it seems like they would be doing better. Best Regards
Hey Nevada1.
I guess when you are a gambler there often times is never enough money to finance a losing streak.
Wallstreet is insane they are supposed to be the house not the degenerate gambler - but now they are both and they need not worry as long as someone else - "the public" - still has money - because the peoples proxy - "the government" - has adopted this black sheep and instead of have it institutionalized for treatment it is giving it all the money it needs in the blind hope that it will cure itself. Like a parent living in denial about a junky/addict child.
Ever wonder about what all is going on, that we don't hear about?
OH - Yes. I give it quite a bit of thought. Actions taken and non-actions can supply an awful lot of information. Correlations can be surmised and postulated from existing information for examination of how things unfolded in past history - this same examination can also lead to considering future projection goals from the same information. The more information you have to work with the more accurate your projection of possibilities can be.
What I have surmised to this point in time - does not look good for the average person going forward. Unless we can get into the drivers seat ASAP and change course.
See Jimmy Carter article on vvv post
http://occupywallst.org/forum/a-cruel-and-unusual-record-carter-condemns-obama/
I have seen the article. Though I am in agreement that the government is abusing the Geneva convention and is abusing human rights in an expanding nature - I am unsure of the Post author.
Yes the American people need to stand-up and oppose what our government is doing - as regards human rights abuse - and as regards bowing down to corpoRat white collar crime and manipulations.
You have a fuller view of my thoughts and that includes - government - false/religion - worshiping of money.
I may well share more of these thoughts - here on the forum and elsewhere on social media.
I expect that when I do I will lose much credibility with many and also pick up many new attackers along with gleeful renewed attacks by the current corpoRat shill's/troll's.
I am deliberating what I will say and when. You have a preview.
well if " we the people " just keep letting this happen you can bet your ass they will keep getting away with FRAUD