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They say that doing time in prison hardens anyone. Makes career criminals of petty ones.
Perhaps Wall Street is just such a prison, with golden handcuffs, so hard to remove, even though the key is in your pocket.
A den of thieves. Now getting at each other's throats. Classic!
Was that Madoff who got bonked around in prison? Or was that the southcoast Stanford
C'mon folks... When do we see the Bear Stearns dots connected????
Good post M.A.
criminals indeed. what i heard elsewhere, but did not see in the above posting, is that mister picard found that jp morgan chase chemical banking bankone bear stearns wamu was guilty of aiding and abetting. are you people starting to get it ???
Aiding and abetting applies to someone who assists or helps one or more other people commit a crime. To be held accountable as an aider and abettor, you must know of the criminal objective and do something to make it succeed.
jp morgan a.k.a. madoff's aider and abettor.
is there any fraud JPM isn't involved in?
Yet we have not seen ONE of them go to jail. Good thing the justice department has resources to educate the public about the dangers of freedom of speech, as well as finding legal loopholes for prosecution of foreign journalists freely reporting information.
Eric Holder is a joke....
They are a market leader and innovator in systemic fraud.
We had a chance to get them with Enron and passed. One of these days, some serious lynching will occur.
Perfect, lets buy some silver, think about Bernnie in the slammer, and rejoice for the end game soon coming to a theater near you.
I have a Myth with JPM as one of the best banks in the world...unfortunately this perception has changed.
What a deception.
Of course they were complicit. They practice fractional reserve banking, which is one of the biggest Ponzi schemes going.
No order flow. No commissions. No clearing issues.
JPM took the hit now rallying green on the expectations that political captures will protect them..just remarkable.
I don't know how anyone could work at, or bank with, this outfit. Apparently people are just too dumb or they have no conscience. Maybe both.
One thing is certain, JPM is totally and completely corrupted to the core.
Burn it to the ground.
The culture (of corruption) of any company starts withh its leadership and flows downward,,,
and naturally someone gets wiff of it to move 75K puts just moments before the annoucement.... but theres nothing wrong on that one.
I'd like to place a few puts on JPM just before the SH#t hits the fan; would someone be so kind as to give me a heads up about a minute before the annoucemnt.
Consider it done clarke. No trouble, at all.
Can you put puts or do they have to be placed?
You are very confused.
When it's an outsider, it's "insider trading".
When it's an insider, it's "insider, trading".
Now that, is funny!
Sacre Bleu! Is there no honor among thieves?!?
Sorry, but anyone "in da bidness" with a working brain who looked at the numbers knew Madoff was a con. There is no plausible deniability here except if granted politically.
Cue the Congress to grant special dispensations for the proper bribes.....er...re-election campaign donations.
No shit they knew. Their redemption caused the thing to collapse.
Yea...infinity returns to infinity. No losses ever never ever never. Come on.
Poor Kevin Bacon.
And don't forget these folks..
Taking a poke at JPM in Chicago...
It's a small thing and Chicago politicians are hardly the people whose ethical scorn you'd fear. But it shows that the negative perception of bankster Legs Dimon gallops forward.
They'll get out of it without even a mark.
These guys are above the law and we know, they know it, and everyone else knows it.
As becomes more and more apparent each day....
Want a good sad laugh? Forward this to DOJ so they can ignore it.
And only in this corrupt, robot-owned market that we live in would the stock NOT be getting blow torched... off a measly .17 cents. WTF?!
frauds great for bottom line, more surprised JPM's not up 3% !!!
Reader Poll on Dealbreaker.
When will CNBC cover this breaking story?
a. Never …. Jaime Dimon owns us
b. Right after Ms B Cups returns to Cairo
c. As soon as we re-hire Ratigan and Gasparino
d. Friday night, appended to the 237th airing of the CNBC Documentary Wall St Banksters gone Wild
So who had inside information to know when to place a 75,000 put order block on JPM.
How come I'm not in on the juice?
JPM put in the order for their own account.
I mean, it's an opportunity, right?
And as the news is revealed, JPM climbs and the market suddenly surges higher. You can't make this stuff up!
Didn't ya know, in the Land of the Bernank, crime does pay.
Everytime I think I could not possibly muster up any more anger at the corruption rampant in our country I amaze myself..More importantly however Holder did find time to stage a nice PR bust of 100 mafia last month. Meanwhile these pinstripe Corleones steal billions and payoff the politicians to make it legal.
word. yup "thar she blows"....standard end-of-day goosing. Thar she BLOWS, alright - the Bitch
Oh, I see. So, the SEC, the countries primary market watch-dog, is permitted to ignore the case that was presented on a silver platter by Markoplus et. al., while mastrubating furiously to spankbank.com. Yet JPMChase had a what... fiduciary responsibility to inform ... who exactly... that Madoff might be committing fraud? And by doing so worry about creating a business defamation case.
A similar argument was made by a former Madoff client -- not the trustee -- who deposted money into Madoff's JPMChase account, I believe it was dimissed for failure to state a claim, but it might have been settled.
Interesting that when we agree with the ability to skate on such atrocities, we become compliant with their wishes. As hard as it is to fight, best to not agree that "they'll just get away with it". That's what they want you to think... (As true as it might be...)
DOJ? Do you have any fight left? Or did you go down with the count?
By the way, Picard, the trustee, did not "find" anything; he alleged.
Unlike the much more esteemed Picard, he cannot just "make it so."
We should all just leave JPM alone already! They've suffered enough!
/sarc, of course/
"it’s not fair to lump all banks together...I just think this constant refrain [of] ‘bankers, bankers, bankers,’ - it’s just a really unproductive and unfair way of treating people…People should just stop doing that.”-Jamie Dimon
Ya know, it would have sounded better if he had said, "banksta, banksta, banksta".
That term is probably so offensive to his psyche that he is incapable of even uttering it.
Jamie and the Wall Street banks wrote the book on being "unproductive" so you can't argue with his expertise on that score.... take a pigs ear, get a CRA to rate it a silk purse, accumulate others wealth, short the pigs ear, donate cut to GOP/DEMS, no problems
Jamie's right, you know everyone! It is SO unfair & unproductive. So in future the refrain should be: "Bankers? Banksters! Wankers? DIMON!!" (repeat)
Too bad what a waste of premium - Star banker Jamie the D will settle for nomial amount out of court, its just the cost of doing business...now move along! Buy em!
jamie dimon is knee deep in madeoff, nasdaq collapse, 2008 collapse...
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