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Bill Moyers this weekend-examines the ridiculous JP Morgan settlement [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-25-13 08:20 PM
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Bill Moyers this weekend-examines the ridiculous JP Morgan settlement
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Jon Stewart did so earlier this week.

For helping cause the second Great Depression, JP Morgan paid $13 billion, less than the the $17 billion Dimon had set aside for this when JPM acquired the assets that came with this liability. And, of the $13 billion, $4 billion will be tax deductible, so JP Morgan is actually out only $9 billion, and America is picking up the rest of the tab.

(They didn't build that $4 billion.)

The deal was struck during a private meeting between Dimon and Holder.

Class warfare. (The 99% lost again. Then again, they don't fight back.)

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