Wednesday, May 16, 2012

JP Morgan and the Truth

  • Whatever was said last week is different from what is being said now.
  • Whatever is being said now is different from what will be said next week.
  • Things will always be actually worse than they say.
  • The actual truth, while known, will never be made public.
  • CEO Jamie Dimon made $1.3 million in 2009 and $23 million 2011 specifically because of the crooked trades the bank was making.
  • Dimon's membership on the Federal Reserve Board of Directors makes any Fed investigation of JP Morgan a farce before it begins.
  • There will be no official bailout but the Federal Reserve will quietly bailout JP Morgan.
The oligarch class will always take care of their own at the expense of everyone else.

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