Are the JPM Execs getting YOUR settlement money??
Looks that way to me ... they are getting $29B dollars!!
I want MY money back!! Hope Judge Walrath tells them .. "No way .. not until AFTER they have settled with WAMU"!!!
It's not technically terrorism. It's fascism. The government and those tied into the government own everything and take all the profits. We simply work to allow the government to allow us to maintain control of what we have, but don't stand to gain much in the long run.
WaMu didn't have the government connections JPM had, so they were gobbled up and people who owned a piece of WaMu were destroyed accordingly. This is a transfer of wealth to the ruling glass via JPM and the transfer of debt back to the unified working class.
The term fascismo is derived from the Italian word fascio, which means "bundle" or group, and from the Latin word fasces. The fasces, which consisted of a bundle of rods that were tied around an axe, was an ancient Roman symbol of the authority of the civic magistrate. They were carried by his lictors and could be used for corporal and capital punishment at his command.
The symbolism of the fasces suggested strength through unity: a single rod is easily broken, while the bundle is difficult to break. Similar symbols were developed by different fascist movements. For example the Falange symbol is a bunch of arrows joined together by a yoke.
The Washington Mutual case will bring an end to these sorts of abuses of our financial system...at least for a few years. Never forget that companies like JPM operate in a financial market system that the United States government owns and operates. They don't tell us what to do...we tell them what to do.
This will be great stuff to present to the jurors during the upcoming trial(s). Soaring revenues and profits in a difficult economic environment.
"JP Morgan Chase is set to defy calls for constraint over bankers' bonuses this week when it delivers an expected $29bn (£18bn) compensation pot for its executives."
"A report by Andrew Cuomo, New York Attorney General, found that 1,626 JP Morgan bankers received bonuses of more than $1m in 2008 – more than any other Wall Street bank."
"Banking analysts forecast that JP Morgan will produce earnings per share (EPS) of 62 cent in the fourth quarter of 2009 – approximately equivalent to profits of $2.7bn – on revenue close to $27bn, up from a profit of $702m on revenue of $17.23bn in the same period a year ago."
Profits increasing more than 300 percent and revenues increasing more than 60 percent from the prior year during a worldwide recession and just 1 year after JPM being gifted by the FDIC with WaMu for $1.88 billion. A compensation pot of $29 billion. This will be great stuff for the trials.
Add this to Kirsten's cookbook. WTF $29B!!!! Definitely, cover-up money and blatant f**kyou wamuer's. Hang em high and if they don't there won't be a single incumbent coming next election.
Looks like Dimon is paying pretty good hush money to his minions for their participation and silence in the theft of WaMu and Bear Stearns. Not to mention the manipulation of commodity markets.IMHO