“The great Magician’s” JPMorgan and the Vanishing Cash Trick

Posted on June 4, 2012

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Now that we have seen the great “Vanishing Cash Trick” the questions remains. Will the Federal Reserve and the Office of the Comptroller of the Currency, Congress, the Justice system and Law Enforcement do anything to hold accountable and prosecute JPMorgan’s Chief Executive Officer Jamie Dimon and the other executives who created this $2 billion trading loss from a credit-derivatives position that is now being touted as a “hedge??” Let’s just call it what it really is stealing the depositors’ money. What is so intricate and hard to understand about that and why do we all continue to let the Federal Government oversee these acts of large banks and Financial institutions stealing it’s depositors money?? if the kettle is black, then lets call it black, why do we keep tippy toeing on what is really going on, no wonder our global financial systems are in disarray, let’s unwind all the stealing and corruption, then prosecute and hold accountable, these Executives.

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Posted in: Finance