A wrap-up of stories and posts you might have missed or overlooked — the ones below the fold.
Never mind that JPMorgan lost, by some estimates, $30 billion dollars due to bad bets or that the Facebook IPO cost investors millions, “when internal analysts learned that Facebook’s numbers were going to be worse than expected, the company and its bankers didn’t tell everyone, but just ‘selectively disclosed’ information to a small group of ‘preferred investors,” according to Matt Taibbi, of Rolling Stone. It is business as usual on Wall Street and of no concern to us, the unwashed masses. Meanwhile, JPMorgan CEO, Jamie Dimon is out and about again, railing against regulation.
This isn’t the first time Dimon’s complained about too much regulation. Here’s Huffington Post Hunter Stuart’s “Jamie Dimon Really, Really Hates Financial Regulation” mashup. Dimon has called regulation anti-American, anti-business, an attack on work ethic and successful people. He’s even gone so far as to call public criticism of bankers “a form of discrimination.” All this from a guy who has to sit in the back of the limo, drink from his own fountain, and makes his money betting with other people’s pensions, savings, and retirement funds.
Facebook is just a small issue. It is hitting the fan, but MSM is turning up the heat.
I watched CBS and Frontline 2 last night. I could not scream loud enough through all the lies and deception. It feels like pre 9/11 all over again. I don’t think this world/environment can handle another Iraq event(s).
The Food Chain is broken, plankton is dying, therefore, we will die too.
Here is another headline for you, your readers and all those who expect a pension, or perhaps, a job in the future. I hope all have some sort of support group to help them through this. I do, but it is still very, very difficult…
The Second Act Of The JPM CIO Fiasco Has Arrived – Mismarking Hundreds Of Billions In Credit Default Swaps: https://www.zerohedge.com/news/second-act-jpm-cio-fiasco-has-arrived-mismarking-hundreds-billions-default-swaps
Yesterday:
Is The End Nigh: Rockefellers And Rothschilds Merge:
https://www.zerohedge.com/news/end-nigh-rockefellers-and-rothschilds-merge
Just saw this…thought it may be of interest to you: https://finance.yahoo.com/news/why-law-firms-rigged-fail-134302254.html