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Demeter

(85,373 posts)
7. Romney Defends JP Morgan’s $3 Billion Debacle After Collecting Millions From the Financial Industry
Sun May 20, 2012, 09:46 PM
May 2012
http://www.nationofchange.org/romney-defends-jp-morgan-s-3-billion-trading-debacle-after-collecting-millions-financial-industry-13

2012 presumptive Republican presidential nominee Mitt Romney this week defended JP Morgan Chase’s $3 billion trading debacle as just “the way America works.” He denied that the episode makes the case for stronger regulations to rein in banks’ risky trading.

Overall, of course, Romney has shown little interest in diagnosing or addressing the causes of the 2008 financial crisis, and the role of the nation’s biggest banks in nearly sinking the global economy. And the banks surely appreciate it, considering that employees of the biggest financial, as the Boston Globe noted today:

When the head of JPMorgan Chase met with shareholders to answer for a trading loss of more than $2 billion Tuesday, it was against an evolving political backdrop: Donors from big banks are betting on Mitt Romney to defeat President Obama and repeal new restraints on risky, large-scale investments.

The top five donor groups in Romney’s campaign are individuals and political action committees associated with large financial institutions, led by Wall Street giants Goldman Sachs and JPMorgan Chase, according to information compiled by the Center for Responsive Politics, a nonpartisan research group that tracks campaign donations.


The Globe actually got it a bit wrong: the top six donors to Romney come from the biggest banks— Goldman Sachs, JP Morgan Chase, Bank of America, Morgan Stanley, Credit Suisse, and Citigroup. And the finance/insurance/real estate industry is far and away the largest donor to Romney’s campaign, giving him $18 million. Of course, banks also throw money at the Democrats, but in this cycle, they’ve clearly favored the GOP.2
Mirabile Dictu! The SEC Finally Investigates Magnetar Demeter May 2012 #1
The Magnetar Fallout: Who’s Been Charged, Has Settled, or is Now Being Investigated? Demeter May 2012 #6
Investigate? Po_d Mainiac May 2012 #10
Magnetar? Wasn't that one of the Decepticons? tclambert May 2012 #13
I heard it compared to the Death Star Demeter May 2012 #14
Abigail Field: Jamie Dimon’s Hedge Fund Demeter May 2012 #2
LTCM. Amaranth. JP Morgan? Demeter May 2012 #3
Investigating JPMorgan Chase By SIMON JOHNSON Demeter May 2012 #4
Inside J.P. Morgan's Blunder Demeter May 2012 #5
Romney Defends JP Morgan’s $3 Billion Debacle After Collecting Millions From the Financial Industry Demeter May 2012 #7
Inequality or Sustainability? Why Madison Needs Marx Demeter May 2012 #8
Nasdaq 'embarrassed' over Facebook IPO delay Demeter May 2012 #9
I'd be emarrassed if I bought that shit. Fuddnik May 2012 #40
Karl Denninger just posted this soundwave on twitter, about Facebook DemReadingDU May 2012 #53
Who cares? Tansy_Gold May 2012 #78
Unofficial list of troubled banks Po_d Mainiac May 2012 #11
BOOKMARKED Demeter May 2012 #12
Hedge Funds Rebuild Euro Bear Bets on Greek Exit Banks Weigh Ghost Dog May 2012 #15
US and UK eye reaction to bank failure Demeter May 2012 #16
Funds’ €60bn to buy European bank debt Demeter May 2012 #17
EU summit to raise pressure on Merkel Demeter May 2012 #18
Thousands March Against Austerity in Frankfurt Demeter May 2012 #23
She should do the decent, honorable squarehead thing: resign Ghost Dog May 2012 #59
Schaeuble Seeks Crisis Resolution With France’s Moscovici Ghost Dog May 2012 #19
Analysis: Investors lose faith in stock valuation compass Ghost Dog May 2012 #20
Bank of England's Posen says govt role needed to clean up euro zone banks Ghost Dog May 2012 #21
HERE'S THE CRUX Demeter May 2012 #61
is any one else having a rainier spring than last year or the year before? xchrom May 2012 #22
We had very rainy Autumn, winter, spring Demeter May 2012 #25
see? that seems unusual for the midwest. xchrom May 2012 #28
Well, it never really got cold enough to snow Demeter May 2012 #34
yeah -- it must have been a mixed blessing. xchrom May 2012 #36
Dry as a bone around here. Fuddnik May 2012 #43
really? and you're in florida? xchrom May 2012 #46
It rains in North Florida. Fuddnik May 2012 #47
oy. wouldn't you know it? nt xchrom May 2012 #49
Place I'm renting cheap here is in a zone called "La Mareta" (the "little sea"). Ghost Dog May 2012 #60
Europe Raises Threat Level against Athens xchrom May 2012 #24
Thing is, Greece is NOT the Jonah on this ship of fools Demeter May 2012 #62
Endowment Activism: How Students Can Move Big Money By Martha Van Gelder Demeter May 2012 #26
The European Stabilization Mechanism, or How the Goldman Vampire Squid Just Captured Europe Demeter May 2012 #27
The Rise of the New Economy Movement Demeter May 2012 #29
Hollande To Confront Merkel on Euro Bonds xchrom May 2012 #30
Party Animal Demeter May 2012 #31
LOL! good one. nt xchrom May 2012 #33
+++++++ Tansy_Gold May 2012 #41
The Spitzer attack Ghost Dog May 2012 #63
I'm glad he was exposed at last Demeter May 2012 #65
It is pathetic, isn't it. Ghost Dog May 2012 #66
Germany restates opposition to eurobonds xchrom May 2012 #32
US Futures up 0.5%. Europe mostly up (Spain down again). EURUSD down as dollar strengthens more Roland99 May 2012 #35
No reports, just promises from the G8 to drive the markets. Po_d Mainiac May 2012 #37
JPMorgan Risk Overseer Said to Have Trading Losses Record By Lisa Abramowicz Demeter May 2012 #38
Waters Challenges Khuzami on Securitization Fraud Task Force, Gets Revealing Answers Demeter May 2012 #39
Bigger question that ain't being asked Po_d Mainiac May 2012 #55
I been thinkin' the same thing Tansy_Gold May 2012 #71
When is a hedge not a hedge? Demeter May 2012 #80
Nassim Taleb ON BANK BAILOUTS Demeter May 2012 #42
Obama pledges tough enforcement of Wall Street reforms (WAIT FOR IT) Demeter May 2012 #44
House approves East Coast missile shield site in $643 billion defense bill Demeter May 2012 #45
Jeffrey Sachs - To save the eurozone, save the banks Demeter May 2012 #48
Investors Least Bullish In 2012 As Crisis Escalates: Commodities xchrom May 2012 #50
Vietnam Economic Slowdown Seen In Cobweb-Covered Crates xchrom May 2012 #51
The Next Asia Is Africa: Inside the Continent's Rapid Economic Growth xchrom May 2012 #52
FACEBOOK COLLAPSES OVER 8% AND BREAKS THE IPO PRICE xchrom May 2012 #54
Face(plant) n/t Po_d Mainiac May 2012 #57
Good for the muppets. girl gone mad May 2012 #68
Shouldn't that be titled: "Investors Unfriend Facebook"? tclambert May 2012 #79
James Kunstler: Dancing Shoes DemReadingDU May 2012 #56
Tansy, Where's that Stamp? Demeter May 2012 #64
Bank Accountability Advocates Show Up at Geithner’s House DemReadingDU May 2012 #58
Dammmn..... I knew I wuz ugly, but..... Fuddnik May 2012 #67
This is better than a kayak, Fuddnik Demeter May 2012 #70
Last October I had a couple of those pre-cancerous spots DemReadingDU May 2012 #72
I'm getting something called a Levulan Kerastick. Fuddnik May 2012 #76
Beats the fuck outa chemo....n/t Po_d Mainiac May 2012 #73
Very true, my mom went thru chemo several times DemReadingDU May 2012 #74
EXTRA! EXTRA! JPMorgan suspends share buybackS Demeter May 2012 #69
Rich FB "investors" who needed $250,000 accts getting what they deserve today just1voice May 2012 #75
After Facebook IPO debacle, finger-pointing begins Fuddnik May 2012 #77
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