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Explain Trickle Down Economics to Me

Posted 6 months ago on Oct. 12, 2013, 1:27 a.m. EST by grimwomyn (35) from New York, NY

18 Comments

18 Comments


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[-] 3 points by shooz (26667) 6 months ago

Well, the illustration is a definite exaggeration, they would never let that much trickle away.

Apparently, it's a good time to be a lawyer over at JPs though.

JP Morgan is spending more on fines and lawyers than on employee salaries

http://qz.com/134534/jp-morgan-is-spending-more-on-fines-and-lawyers-than-on-employee-salaries/

Maybe if they paid and listened to their lowlife employees, they wouldn't be in this predicament?

[-] 2 points by ZenDog (20543) from South Burlington, VT 6 months ago

well I dunno . . .

Settled investigations (2013)

  1. London Whale. The bank paid $920 million to four different regulators earlier this month to settle compliance failures that led to the loss.
  2. Taking advantage of credit-card customers. The company’s retail bank paid $80 million to regulators and $309 million in refunds for charging customers for credit products they did not authorize or receive.
  3. Manipulating electricity markets. The bank paid $410 million to the Federal Energy Regulatory Committee for manipulating electricity markets.
  4. Foreclosure irregularities. US State Attorneys General investigated the use of automatic signatures and other illegal practices used by banks to foreclose on borrowers; as part of a national settlement, JP Morgan paid $1.96 billion in assistance to homeowners and cash payments to affected borrowers.

don't fukin tell me no one has gone to jail.

don't fukin tell me that.

[-] 2 points by shooz (26667) 6 months ago

Well, they let Skilling and DeLay out, but they gave the black guy (Kilpatrick) 28 years.

[-] 1 points by ZenDog (20543) from South Burlington, VT 6 months ago

well of course they did, after all, that presumption of guilt on the basis of color is a highly persuasive and MITIGATING argument . . . .

[-] 1 points by shooz (26667) 6 months ago

The very real part of the above offenders, is the simple fact that NOT ONE of them paid their own fine.

Their investments paid it, and they took it out on the workers at the companies they "own".

[-] 1 points by ZenDog (20543) from South Burlington, VT 6 months ago

that sounds like a significant defect in our process of crime and punishment.

[-] 1 points by shooz (26667) 6 months ago

Kind of like how they forgot about sedition?

http://www.politicususa.com/2013/10/12/koch-brothers-seditious-shutdown-conspiracy-20-years-prison.html

I suppose that's why they bought the courts first, starting in the States.

[-] 1 points by ZenDog (20543) from South Burlington, VT 6 months ago

I haven't read the whole thing, yet, but I will certainly add Philip Ellender to my list of co-conspirators. The denial letter does come as a clear admission in my view.

  • We believe that Congress should, at a minimum keep to sequester-level spending guidelines.

They are guilty of Conspiracy engaged in Sedition Against the United States Government, and it is most appropriate that they be invited to defend this charge in a court of law.

Whether it may be said that their crimes end in fact, in TREASON is an open question. One that merits close scrutiny.

If this cannot take place, the public has little choice.

[-] 1 points by shooz (26667) 6 months ago

Important to note as well is the quote.

"We’re not controlling the shutdown"

If not? Why did they spend such copious amounts of money to make it so?

Of course they aren't, but they damn sure played a BIG role in making it happen.

Perhaps if they were to address questions about how they would feel about HUGE tax increases for the 1%, we would hear the reality of their vehemence for the 99%.

[-] 2 points by Builder (4202) 6 months ago

Maybe if their bribe-takers didn't consider them too big to jail, we'd have a quite different scenario to critique, yeah?

[-] 2 points by shooz (26667) 6 months ago

Let me know when there's a World court and prison system to deal with the international libe(R)tarian's systematic destruction of legitimate governments the world over.

This was really never an issue exclusive to the US, or any single nation anywhere.

http://www.theaustralian.com.au/national-affairs/opinion/fight-bribery-impossible-beyond-our-borders/story-e6frgd0x-1226734337675

[-] 1 points by Builder (4202) 6 months ago

A rather honest appraisal of world investment issues.

[-] 1 points by shooz (26667) 6 months ago

You mean where they fiegn innocence???

"The fact is businesses in Australia and other industrialised economies are not the drivers of corruption"

What that statement says, is there no bribery in western "business".

I don't find that statement very honest at all.

[-] 1 points by Builder (4202) 6 months ago

Look into who owns that newspaper, and you'll see my tongue firmly in cheek with that comment.

Lots of doublespeak, and yes, I read the article.

[-] 1 points by shooz (26667) 6 months ago

What???

You mean it wasn't "fair and balanced"?

[-] 2 points by Builder (4202) 6 months ago

News VERY Limited.

Roopert's puppies all yap the same tune.

[-] 1 points by shooz (26667) 6 months ago

How's their market penetration yappin'?

Not so limited.

[-] 1 points by nazihunter (603) 6 months ago

It's just a few steps down from giving the dog a bone.