Translate

Saturday, September 28, 2013

some background for tonight's post
http://online.wsj.com/article/SB10001424052702303796404579097503061835742.html?KEYWORDS=jp+morgan+settlement+hit+11billion

10 comments:

  1. This comment has been removed by the author.

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
  2. This comment has been removed by the author.

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
    2. This comment has been removed by the author.

      Delete
  3. A civil settlement?

    I don't understand how this is a civil matter. Either there was fraud or their wasn't. Either the securities were known to have not been what was promised or they were not.

    If they didn't know the securities weren't what they promised then did they bet against them? Did they bet against them because they knew something about them contrary to what they told people they sold them to?

    I don't understand why this isn't a criminal matter.

    How I miss the 1980s. There was more clarity then. The same Adminsitration that deregulated the banks then put a thousand bankers in jail when they misused their new freedoms.

    Today.....

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
  4. This comment has been removed by the author.

    ReplyDelete
  5. gee, all your posts were removed by you....must have been sassy, sorry I missed them.

    ReplyDelete
  6. But of course...nothing ever disappears, now does it.

    ReplyDelete