Since 2011, JPM has been fined $8B:
$56 million (April 2011)
$153.6 million (June 2011)
$229 Million (July 2011)
$88.3 Million (August 2011)
$5.29 Billion (February 2012)
$110 million (February 2012)
$150 million (March 2012)
$296.9 million (November 2012)
X% of $8.5 billion (January 2013)
$100 million (March 2013)
$410 million FERC settlement (August 2013)
$900 million (September 19, 2013)
Huh? 8 freaking billion?
Listen, I'm all about free enterprise and capitalism and the American way. And I hear and understand the argument for government over-regulation, but what is this company doing?
JP Morgan is not a bank. It's more like an organization living on the edge between a business entity and a criminal empire.
Thoughts? Is this a shakedown? JPM specific? Is Goldman Sachs smarter, less unscrupulous, or just better connected?
Thoughts? Is this a shakedown? JPM specific? Is Goldman Sachs smarter, less unscrupulous, or just better connected?
No comments:
Post a Comment