| User Info
| JP Morgan: Fraud Is Fraud, Where Are The Indictments? in forum [Market-Ticker]
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Drench
Posts: 28631
Incept: 2009-11-10
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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It's pretty amazing that it's gotten to this level and there is not one single arrest. MSM here in the US is complicit in hiding this fraud. This should be the subject matter of every nightly news show since in essence it is a matter of national security. Holder should just be fired.....as well as most all of the States AG's. If they won't do their gdamned job(s), why the **** are they getting paid?
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...burp
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Kylafoon
Posts: 2455
Incept: 2009-02-05
Zombie Portal Lookout
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He'll be our next Treasury Secretary...
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"...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910
"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008
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J0nx
Posts: 3066
Incept: 2008-08-12
The trashcan of the nation
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Kyla beat me to it. My sig as usual is the reason this continues.
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The fraud and lies are only allowed to continue because the people allow it. Either through apathy or ignorance, they still allow it.
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Debtpie
Posts: 534
Incept: 2009-12-17
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"Jamie Dimon exercised insufficient oversight of an office that reported directly to him."
So, we have two paths.
1. Jamie Dimon "missed it"; and now we have to ask what else has (or will he) "miss"?
2. He didn't' "miss it" but in fact knew about it and should be prosecuted for the crime.
I suspect the path the government will take here is to divert our attention to a more exciting situation and try to forget about this "mistake"...PGFBest anyone?
I mean really, the Fed has spent 4 years and trillions trying to save JP Morgan and the rest of Elite Banking Club; are they really going to bury them over a couple billion?
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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Quote:I suspect the path the government will take here is to divert our attention to a more exciting situation Yup, buckle up.
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...burp
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Antone
Posts: 7659
Incept: 2008-02-03
Seditionia, USSA
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Yeah, Sarbanes-Oxley's really doing its job, isn't it.
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As if anything has changed:
Wir sind gefickt.
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Trades50
Posts: 4214
Incept: 2007-10-30
Land of Tax and Spend
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You expect more in an environment where Corzine is allowed to lay low and others in the lending industry (Countrywide) that committed fraud were allowed walk? They have just become more bold. They don't care anymore.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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End_the_bubbles
Posts: 9515
Incept: 2009-03-25
The New 3rd World
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Genesis wrote..Never mind that it appears that investors think he'll not only keep his job, but the bank will be rewarded for effectively "getting away with it" -- the stock is up 3%. Make that 5%. The stock should be ZERO because the company is a black hole.
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Radar
Posts: 19
Incept: 2007-10-27
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"Fraud Is Fraud, Where Are The Indictments?" A question that is repeatedly asked. I think this guy has the answer between the 14th and 17th minute into the video. Three minutes that are worth listening to a couple of times in order to stop asking the same question. Yeah! I know it's rhetorical. http://www.youtube.com/watch?v=_IE7rHh4A....If it's the way they've rolled in the UK since 1992, sure as hell it's the same in the US. |
Bertdilbert
Posts: 2651
Incept: 2008-12-22
CA
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Dimon shows up in front of congress for an inquiry and congressmen lick his shoes.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Genesis
Posts: 130663
Incept: 2007-06-26
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What Congress licks is brown but it sure as hell isn't his shoes.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Ghopper
Posts: 2298
Incept: 2011-06-11
Staten Island, NY
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Jail is for the 'little people'.
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End_the_bubbles
Posts: 9515
Incept: 2009-03-25
The New 3rd World
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Quote:What Congress licks is brown but it sure as hell isn't his shoes. It's not brown, it's PINK - because they lick it clean! 
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Yayankee
Posts: 25
Incept: 2009-06-09
New York
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The next or present bubble is: Financial Fraud...staring everyone in the face. The 1%, maybe 2% are really the fraudsters, the 99% are the rest of us.
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Sunkeye
Posts: 190
Incept: 2010-12-14
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ghopper +1
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Phxkevin
Posts: 353
Incept: 2010-06-25
Phoenix Arizona
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Financial Fraud: "no one saw it coming"
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Congress persons are all the same, republican or democrat, conservative or liberal. They talk a good game, but the results (or lack thereof) show something different.
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Ladyliberty
Posts: 100
Incept: 2012-05-08
Wisconsin
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Jubber
Posts: 13936
Incept: 2007-07-05
UK
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up 6% no one gives a ****
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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Tesla
Posts: 15541
Incept: 2008-04-03
State of Disbelief
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Jubber, you're making an assumption there are actual humans behind the buyers - algos aren't human, and I'm not so sure about pension fund managers either 
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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A1a2pch
Posts: 14
Incept: 2012-06-15
Cape Coral, FL
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"Yeah, Sarbanes-Oxley's really doing its job, isn't it."
I thought section 304 would apply to this fact pattern.
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Genesis
Posts: 130663
Incept: 2007-06-26
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Uh, yeah.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Argos
Posts: 6305
Incept: 2008-03-23
The Green Mountain State
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Yes, Telsa. What fund manager could possibly rationalization holding a position in this stock at this point? In the unlikelihood that Dimon wasn't in on the fraud, then the only conclusion is that JPM is too-big-to-manage and that any financials coming out of JPM are unreliable.
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Xorbe
Posts: 160
Incept: 2009-06-23
Bay Area, CA
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So how far above $5.8 billion is it going to go, or will it stop there?
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