dimon and holder

[Schildog]

a good rolling stone article about a whistle blower at jp morgan chase

 

http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106?page=6

 

holder and dimon are horrible people.

[mtangelsfan]

Honestly, who is trustworthy anymore?

[Schildog]

the whistleblower?

[T.G.]

Honestly, who is trustworthy anymore?

 

[mtangelsfan]

I meant in government but point taken.  At times it this country seems so hopeless

[Schildog]

i hate the big financial institutions with all my heart and it's frustrating to know the people who are supposed to be protecting the populace are in bed with them.

[mtangelsfan]

It's like our government is the most expensive hooker ever.

[Tank]

i wonder how much cash you have when you can pay a $9 billion fine and not really sweat it.

[Tank]

A. morality

ethics

honesty

integrity

 

Q. what are four things missing from these people?

 

it'd make a good jeopardy question.

[Schildog]

i wonder how much cash you have when you can pay a $9 billion fine and not really sweat it.

 

"But the idea that Holder had cracked down on Chase was a carefully contrived fiction, one that has survived to this day. For starters, $4 billion of the settlement was largely an accounting falsehood, a chunk of bogus "consumer relief" added to make the payoff look bigger. What the public never grasped about these consumer--relief deals is that the "relief" is often not paid by the bank, which mostly just services the loans, but by the bank's other victims, i.e., the investors in their bad mortgage securities."

 

[Count Orlok]

It's like our government is the most expensive hooker ever.

I doubt it. You can buy a congressman for surprisingly cheap. Anything in the low 6 figures and you've got them for life or at least for their time in office which is 2 years minimum. Eliot Spitzer probably spent more than that on his whores. A high end hooker can cost you $5-10k per night. Book them a couple times a month and by the end of the year you could have bought your own government official instead. ==

Edited November 7, 2014 by Count Orlok

[Tank]

"But the idea that Holder had cracked down on Chase was a carefully contrived fiction, one that has survived to this day. For starters, $4 billion of the settlement was largely an accounting falsehood, a chunk of bogus "consumer relief" added to make the payoff look bigger. What the public never grasped about these consumer--relief deals is that the "relief" is often not paid by the bank, which mostly just services the loans, but by the bank's other victims, i.e., the investors in their bad mortgage securities."

 

 

my impression was that that 4 bil was taken off the original 13 bil, reducing their fine down to 9 bil. 

 

regardless, a lot of the issues were beyond my general knowledge. understanding high finance is not my thing.

[shellback]

to me there's no mystery. the big banks/insurance monsters run this country. depressing, but id always want to know the truth rather than bullshitting myself.

[Hollyw00d]

Banks and lending institutions will be the death of this country

[Mark68]

Thanks to Citizens United (and the destruction of Glass-Steagall, etc), we have the best government money can buy.