Bank stocks suffer heavy losses as monster JPMorgan loss revives regulatory debate

May 11, 2012 Full story: Canadian Business Magazine 19

People walk inside the lobby of a JPMorgan Chase building Thursday, May 10, 2012, in New York.

Full Story
ustabearepug

Sapulpa, OK

#1 May 12, 2012
Re install Glass Steagle, the Dodd Frank bill is not working, Obama, fire all the ex- Goldman Sachs crooks, what would really scare the shit out of the crooked and corrupt Investment banker CEO's would be if Elizabeth Warren were president
drinK the HiVe

New York, NY

#2 May 12, 2012
If U Can't Find The Truth Right Where U Are - Where Else Do U Expect 2 Find It?...

http://i137.photobucket.com/albums/q233/gensl...

&fe ature=related
ustabearepug

Sapulpa, OK

#3 May 12, 2012
Glass Steagle= banks would either be investment banks or banks that take deposits and loan money, JP Morgan just lost two billion of investors money by investing in risky derivatives, they are not loaning any money
ustabearepug

Sapulpa, OK

#4 May 12, 2012
drinK the HiVe wrote:
If U Can't Find The Truth Right Where U Are - Where Else Do U Expect 2 Find It?...
http://i137.photobucket.com/albums/q233/gensl...
http://www.youtube.com/watch?v =oJRnXmN5X9kXX&feature=rel ated
meaning what wingnut
peter tucker

Lansing, MI

#5 May 13, 2012
lost two billion of investors money NO...NOT INVESTORS MONEY

Since: May 12

Europe

#6 May 13, 2012
It is pointless to try to misuse public information.

Since: Sep 08

Placitas, NM

#7 May 13, 2012
So JP Morgan managed to piss away $2 billion gambling they could make massive profits while minimizing their risk on loans and shifting the ultimate risk to the government!

It's EXACTLY the kind of corporate socialism and greed that helped cause Dubya’s financial meltdown crisis. The irony is particularly sharp when one considers the fact that Jamie Dimon, the CEO of Morgan Chase, has been insisting that the financial crisis is NOT grounds for additional regulation of the financial markets.

And the Vulture Fund capitalist Mitt Romney claimed, loudly and frequently financial regulation -particularly Dodd-Frank -, are not only unnecessary, but really tyrannically harmful. He has the audacity to pledge he’d repeal the legislation. He advocates letting the banksteres rape and pillage…..free of regulations.
peter tucker

Lansing, MI

#8 May 13, 2012
"Corporate socialism" That is oxymoron...spoken by.. well a moron. This is capitalism...pure and simple. Use your brower to find new news on this.....0...unless you go to the cult web sites that give you an elephant hard on. When you go to Mcdonalds ask the manager where they do their hedging/risk managemnt trading. Then do the same thing when you deal with any public company..Target, Penny's(square deal) Why do you think you have to focus on banks when you can say the same thing about Apple. Dell, H/P, and every listed company? Rhetorical question. Spare me

Since: Sep 08

Placitas, NM

#9 May 13, 2012
Rolling Stone's Matt Taibbi, explains why the banksters are corporate socialists:

"...because J.P. Morgan Chase is a federally-insured depository institution that has been and will continue to be the recipient of massive amounts of public assistance. If the bank fails, someone will reach into your pocket to pay for the cleanup. So when they gamble like drunken sailors, it’s everyone’s problem."

"It’s a simple concept: you either get to be a bank, or you get to be a casino. But you can’t be both. If we don’t have rules to enforce that concept, we ought to get some." --Matt Taibbi

Since: Sep 08

Placitas, NM

#10 May 13, 2012
Senator Bernie Sanders also explains why the banksters are corporate socialists:
"The debacle at J.P. Morgan Chase reaffirms my view that the largest six banks in this country, including J.P. Morgan Chase, which have assets equivalent to two-thirds of our GDP, must be broken up."

"This is important in order to bring more competition into the financial marketplace and to prevent ANOTHER ‘too-big-to-fail' bailout. At a time when 23 million Americans are either unemployed or underemployed, huge financial institutions should not be involved in ‘making wagers or high-stake bets.' They should be investing in the productive economy creating jobs and improving our standard of living."

Since: Sep 08

Placitas, NM

#12 May 13, 2012
Farzad Houshmand wrote:
banks should sale marijuana.
complete sure profit
nyuck nyuck
They make a hell of a lot of money underlying drug money.

Headline: Banksters launder foreign drug cartel money as Wells Fargo invests in for-profit prisons

"Wells Fargo paid a fine they could easily afford when they had purchased Wachovia bank, after Wachovia got busted laundering $110 Million dollars of drug money for foreign drug cartels. If you're keeping score at home that means if you get busted smoking a joint you go to jail, but if you get busted laundering millions of dollars in drug cartel money you get a slap on the wrist. Now, here's the catch, if you get caught smoking pot and go to jail, Wells Fargo will make a profit off of that too thanks to America's growing for-profit prison system.

For more details on how the banksters figured out how to flood America with illegal drugs for their own profit and then make money on the back end of the deal when you get sent to jail, make sure to read this article at Salon.com ...

As Wells Fargo has grown over the years, using its bailout funds to gobble up rival Wachovia and expand to the East Coast, so has the U.S. prison population. By 2008, one in 100 American adults were either in jail or in prison – and one in nine black men between the ages of 20 and 34, many simply for non-violent offenses, justice not so much blind as bigoted. Overall, more than 2.3 million people are currently behind bars, up 50 percent in the last 15 years, the land of the free now accounting for a full quarter of the world’s prisoners.

These developments are not unrelated..... http://www.dailykos.com/story/2012/04/12/1082...

Since: Sep 08

Placitas, NM

#13 May 13, 2012
EDIT:

They make a hell of a lot of money laundering drug money.

More corporate socialism: Wells Fargo invests in for-profit prisons

Since: Sep 08

Placitas, NM

#14 May 13, 2012
Elizabeth Warren Calls for Dimon to Resign From New York Fed

“After the biggest financial crisis in generations, the American people are frustrated that Wall Street has still not been held accountable and does not appear to consider itself responsible,”

“Dimon should resign from his post at the New York Fed to send a signal to the American people that Wall Street bankers get it and to show that they understand the need for responsibility and accountability.” http://www.bloomberg.com/news/2012-05-13/eliz...
peter tucker

Lansing, MI

#15 May 13, 2012
Are you f------ kidding me????? You have to be kidding. This is joke. In 2012 you are quoting The Rolling Stone(underline)???? Is that what you are doing here. This has to be some feeble attempt at humor!!! Really? For better or worse, I remember when the first issue of the magazine came out??? It was thin and folded and you had to go to "head shop" where it reeked of dope and incense to buy it. Holy Superman Crap Dump. Why don't you cut some lyrics from the Grateful Dead while you are at it..maybe Cream. Unbelievable...Why not Time Magazine??? You are quoting the Stone to support your argument about socialism???. We used to joke::: if you read it in the Rolling Stone,,IT HAD TO BE TRUE. Hey Jack....I have seen a lot of bunko on this site....but you just did it. New Mexico?????? Bet there isn't much dope there Ouch shit!!!
peter tucker

Lansing, MI

#16 May 13, 2012
Oh no. He goes on and on
peter tucker

Lansing, MI

#17 May 13, 2012
Huh??

Since: Sep 08

Placitas, NM

#18 May 13, 2012
peter tucker wrote:
Are you f------ kidding me????? You have to be kidding. This is joke. In 2012 you are quoting The Rolling Stone(underline)???? Is that what you are doing here. This has to be some feeble attempt at humor!!! Really? For better or worse, I remember when the first issue of the magazine came out??? It was thin and folded and you had to go to "head shop" where it reeked of dope and incense to buy it. Holy Superman Crap Dump. Why don't you cut some lyrics from the Grateful Dead while you are at it..maybe Cream. Unbelievable...Why not Time Magazine??? You are quoting the Stone to support your argument about socialism???. We used to joke::: if you read it in the Rolling Stone,,IT HAD TO BE TRUE. Hey Jack....I have seen a lot of bunko on this site....but you just did it. New Mexico?????? Bet there isn't much dope there Ouch shit!!!
In other words you can't rebut a damn thing award winning Matt Tiabbi wrote. And since you can't just STFU.

BTW: I was not quoting the Rolling Stone. I was quoting an award winning journalist whose work was published by the Rolling Stone.
peter tucker

Lansing, MI

#19 May 13, 2012
So what???? Who cares? Same thing. Award winning journalist????!!!! I am fucking impressed. Maybe from the National Review...Russ Limbaugh's bartender??? Peggy Noonan wins award and was a speech writer for your bedmate Ronald Reagan but that does not mean she knows what she is talking about. Boy oh boy...Living in your black/white world must be a real thrill. Rebuttal???? Not worth it. Can not reason with somebody as stupid as a gas pump. Good peyote in NM??? Probably comes right out of cactus...really fresh
Captain Obvious

Euless, TX

#20 May 14, 2012
Hey... Who's this 'Russ' Limbaugh?

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