Tag Archive | "JPMorgan Chase"

Until Bankers Go To Jail, I’m Not Paying My Taxes: Splendid Idea, Greg Wise and Emma Thompson

Let me give credit, up front, to a splendid idea from the actors Greg Wise and Emma Thompson that clarified my own outrage at a simple reality: the bankers destroyed the economy with their greed and incompetence, the Obama Administration lets each bank CEO off the hook with a negotiated deal for a fine that the institution, not the banker pays, and with no jail time for a single high-ranking Wall Streeter and WE PAY FOR THIS.

That’s right: each one of us, with our taxes, pays for this sleazy deal with the financial elite.

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Wall Street/Banks Thank YOU For Your Generous Contribution To Their Bottom Line

If you want to know why the Wall Street elite and the bankers who robbed us blind are laughing all the way to their mansions, it’s because the joke is on YOU. On every American. Because after they robbed the country, and destroyed millions of jobs and trillions of dollars in value, YOU get to pick a nice part of the tab.

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Will ANY Democrats Say A Word About Dimon’s Huge Pay Hike?

The silence is pretty amazing. The man most responsible, or at least, a central player, in the greatest financial crisis in generations–a crisis that cost tens of millions of people around the globe their jobs and their futures–gets a whopping RAISE…and not a single political leader has stood up to challenge the generosity of the “free market”. This is corruption writ large. And, yet, not a word from the White House, not a word from any figures, future presidential candidates or otherwise, to take on what is a big middle finger to the entire American public.

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“JP Morgan Chase Is a One Bank Crime Spree”: $13 Billion Sham Fine Versus $13 Trillion

If you were Jamie Dimon, or a sleazy banker of the same stripe, and you got the following deal, would you take it: make billions of dollars for your bank, which, in turn, rewards you personally making you a very, very wealthy man BUT, in the process, because of combination of incompetence, criminality and greed, you help destroy an entire economy and put millions of people out of work, for which your bank pays billions of dollars in fines BUT you get to keep your job and, despite all the crimes, you don’t spend a single night in jail nor do you take out a single dime from your own pocket because the system will protect you and instead hand the bill to essentially the very people you hurt, and you are dealing with a government with no spine or inclination to punish the responsible people at the top so don’t worry for a second…well, would you take that deal?

Of course you would.

And that, in a nutshell, is the upshot of the $13 billion sham fine Jamie Dimon cut with the Obama Administration.

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Not So Fast, Jamie

A couple of days ago, I mentioned how Jamie Dimon and his band of corporate lawyers were planning to fleece the people — again. They concocted a scheme to make sure that a ton of the fine money Jamie had agreed to shell out from the corporate treasury in the form of fines would, in fact, be tax deductible. But, whoa, wait a second — a couple of Democrats actually grew a set of balls.

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Jamie Continues To Fleece the Public

These are the moments when you would really like to be a fly in the room where Jamie Dimon’s corporate lawyers sit around with the boss and ponder: how can we screw the public today? And, baby, every day they come up with a new one.

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Hide The Children, Jamie Dimon Is In Town

Jamie Dimon should be in jail, or at least he should be jobless. But, a different point is worth making about the damage he has caused: why would any child, growing up today, or entering the workforce, listen to any lecture about corporate ethics or “doing right” after being exposed to the farce around Dimon and JPMorgan Chase?

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What, Me Worry?

Jamie Dimon’s behavior has got to be a classic melding of psychosis and smugness. And a healthy dose of “I know the system is rigged and now matter how much I fuck up, I’m not getting the axe.” And, sadly, he’s got a lot of evidence to support his smug act.

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JP MORGAN to be Fined $900 Million, But Nothing Will Change

This is running right now, with further details to come, on The Wall Street Journal web site. It’s not entirely unexpected since news on this was leaking out.

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JP Morgan Federal Indictments, Fines–Yet Jamie Dimon Skates

Jamie Dimon lives a charmed life. In a normal world, he would be in jail or at least be out of a job–not earning millions of dollars in pay and benefits. Which is really a parable about the world in which we live in where nothing really changes.

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Another JPMorgan Little Fish Snagged, Dimon Skips

For a very long time, I’ve pointed out that the little fish get charged with crimes while the big fish get away. Drum roll please…we have another example in the House That Jamie Dimon Rules, JPMorgan Chase.

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Jamie Dimon Still Has A Job?

What else needs to happen before Jamie Dimon loses his job as CEO of JP Morgan Chase? Forget putting him in jail — I’ve given that up. But, when does the litany of lawsuit and criminal investigations add up to enough reasons to boot the guy? And so here is a new reason.

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Jammed Up Jamie

One of the people I have zero sympathy for — and the general public should have outright antipathy towards — is Jamie Dimon, the CEO of JPMorgan Chase. If the guy isn’t in jail, he should at least be unemployed — like the millions of people he helped put out of work courtesy of his financial shenanigans. Maybe he will actually end up on the short end, though I’m still skeptical even with the raft of investigations aimed at JP Morgan Chase.

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Will Any of the Big Fish Go To Jail?

Well, the answer is probably no — at least so far. I’m all for the Treasury socking away some money. But, the money collected for these pathetic fines (pathetic in the big scheme) does not come close to outweighing the pain these manipulators, crooks, big-shot financiers imposed on tens of millions of people around the globe. It’s a travesty.

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Would You Be Fine With $11.5 Million For Screwing Up?

Have I got a deal for you. You lose a few billion dollars at your job — but you keep your job and pocket $11.5 million. Is that a bargain or what? Of course, this is not the kind of deal for the little people. Nah.This is for the real screw-ups — the people who run the financial institutions who already destroyed an economy.

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JP Morgan Execs MUST BE JAILED, No Deals

It is great that JP Morgan has been sued–and congrats to NY Attorney General Eric Schneiderman. But, we’ve seen this picture before: suits are filed and the executives who committed fraud or financial crimes or misconduct are NEVER–NEVER–held accountable. If we want real change–not phony, uplifting change–these people must go to jail. NO DEALS.

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