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The JP Morgan Chase Settlement Scam - David Dayen Discusses
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
- Fine? They're paying the fine with money we gave them to loan out. Which of course they didn't. They made money off the money we gave them as a bailout and now they're paying the fine with money they should never have gotten from us to begin with.
K&R
JP Morgan Chase (JPM)
JP Morgan Chase has a derivative exposure of $70.151 Trillion dollars.
$70 Trillion is roughly the size of the entire world's economy.
The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m).
JP Morgan is rumored to hold 50->80% of the copper market, and manipulated the market by massive purchases. JP Morgan (JPM) is also guilty of manipulating the silver market to make billions. In 2010 JP Morgan had 3 perfect trading quarters and only lost money on 8 days. Lawsuits on home foreclosures have been filed against JP Morgan. Aluminum price is manipulated by JP Morgan through large physical ownership of material and creating bottlenecks during transport. JP Morgan was among the banks involved in the seizure of $620 million in assets for alleged fraud linked to derivatives. JP Morgan got $25 billion taxpayer in bailout money. It has no intention of using the money to lend to customers, but instead will use it to drive out competition. The bank is also the largest owner of BP - the oil spill company. During the oil spill the bank said that the oil spill is good for the economy.
JP Morgan Chase also received a SECRET $391 billion dollar bailout from the Federal Reserve.
In 2012, JP Morgan (JPM) took a $2 billion loss on "Poorly Executed" Derivative Bets.
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