Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

JP Morgan Is Main Benefactor Of Financial Crisis

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 11:36 AM
Original message
JP Morgan Is Main Benefactor Of Financial Crisis

The NYT has an interesting series of articles that try to explain the collapse of international banking systems. These articles even dare to mention the Derivatives Beast to some small degree. But the Times does us all an immense favor by showing who won in this last financial convulsion: JP MORGAN. I have targeted JP Morgan for a lot of ire because it operates like Japan in the US news media: it is mostly hidden from view. Just like most academic pundits like to focus mainly or only on China while ignoring Japan, many pundits focus on the badly exposed idiots running Goldman Sachs and huge parts of our VISIBLE government systems while ignoring JP Morgan.

Continued>>>
http://emsnews.wordpress.com/2009/09/14/jp-morgan-is-main-benefactor-of-financial-crisis/#more-5115
Printer Friendly | Permalink |  | Top
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 11:56 AM
Response to Original message
1. Morgan got its start financing the Civil War, went on to take over European banks after WWI and WWII
Edited on Mon Sep-14-09 11:58 AM by leveymg
Morgan banking circles were also behind the 1934 plot to overthrow FDR, and worked closely with Harriman Brown Bros. to finance the rise of Fascism. They seem to have a talent for mayhem for fun and profit.
Printer Friendly | Permalink |  | Top
 
joewilsonwhat Donating Member (11 posts) Send PM | Profile | Ignore Mon Sep-14-09 12:10 PM
Response to Original message
2. Hmm
if i got $800 billion, i'd benefit too
Printer Friendly | Permalink |  | Top
 
lyonn Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 12:24 PM
Response to Original message
3. This looks interesting, must bookmark for later
Did a quick skim on this article and realized it would take more than a "skim" for my brain. Thanks Joanne.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 26th 2024, 10:55 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC