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The Cost Of The Best Senate Banking Committee JP Morgan Can Buy: $877,798 In Bribes
In about an hour's time, Jamie Dimon will sit down before the Senate Banking Committee and prove, once again, not only who is smarter and calls the shots in the great Wall Street-D.C. soap opera, but that when it comes to purchasing a room full of senators (not to mention the script for today's "hearing"), JP Morgan is always at the top. Because as the following table compiled using OpenSecrets data, it cost JP Morgan just under $1 million, or $877,798.00 to be precise in lifetime campaign contributions, to buy itself precisely one Senate Banking Committee. And where it gets really fun is that between the Chairman, Tim Johnson (D - SD), and the ranking member Richard Shelby (R - AL), JP Morgan has been the top and second biggest campaign contributor, respectively. Also, 9 (at least) of the total 22 members of the committee have received some form of bribe from JPM over the years.
One wonders: will the shrillness and idiocy of the questions by the Senators be proportional to how much money JPM has given them over the years? If so, expect Schumer to have the most crony muppet line of questioning we have ever seen him take.
Now sit back, grab a popcorn, and watch as the bribees pretend to interrogate their paymaster.
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Of the People
By the People
For the People
Right!!!
CNBS will be sure to report on this conflict of interest, right?
/trolololololol!!!!!11!11!!
What conflict? JPM funds lawmakers election, in return for favorable/look-the-other-way regulations. It's pretty well aligned, as I see it...
kangaroo court... & these 'kangaroos' have some phat assed pouches to stuff...
A first-world country with a truly fair and representative governent would force senators with a conflict to recuse themselves. Here they get to head the investigation.
This is just the opening gambit for the negotiations for the golden parachute...
Those Washington whores are the cheapest and sleaziest in the world.
Any senator with an ounce of shame would recuse themselves.
What is more disturbing is how little they sell out for - they are, apparently, cheaper than crack whores.
Excellent
I just notice the category is "muppet". Awesome.
HEY TYLER - CHECK YOUR FACTS - WRONG SENATOR LISTED (AT LEAST ONE)
Merkley is Oregon's Senator. Wish I could rely on the figures, but if the names aren't accurate . . .
Kabuki theater for the muppets.
( Do the Pols pick up their new checks before, or after the show? )
This is what a 'Republic' gets you.
and you can keep it.
It's getting harder to tell the whores from the prostitutes.
Don't ya just love the way JPM spread the bribes, excuse me, "donations" to both parties equally??? Which begs the question.....why on earth is anyone paying attention to the "Repub vs. Dem" nonsense?? They are two sides of the same corrupt coin.
Depends how much money you've got.
What is the criteria that designates a nation to be a Banana Republic again?
Well, you have to be a Republic for a start, and it helps if you can grow some bananas...
Congress/Senate...they got r backs...right????
VOTE, VOTE, VOTE!!!!!
Fuck all bankers and their bitch owned politicians.....
Death to them all.........
Did you mean "Buy" the people?
Chit-chat. Why even bother?
because there has to be something more important that Desperate Housewives...
This is precisely why we are doomed.
@John Bigboote
I don't value my existence based on politicians.
Good point. I should clarify: this is precisely why the system is failing. Let's hope for minimal collateral damage as it collapses.
You might not value yourself in politics, but politics and politicians ha e valued you!
Dimon can call on Chairman Tim Johnson (D - SD) and the ranking member Richard Shelby (R - AL) as character witnesses.
Well M'Lud, Mr Demon couldn't reasonably be expected to keep an close eye on the CIO now could he if he can't see past the huge bundles of cash he has to carry each time he comes to my office...
I mean, this stuff's bulky, you know...
and he is only human...
Why don't we take up a collection here amongst us and on other like forums to pay off the government to do its job via 'reelection campaign donations'. I'm sure we can all collect more than $900k for that. Small price to pay to get some representation and kick these bank vipers to the curb.
> "Why don't we take up a collection ..."
Don't they already get enough of your labor d0llars via taxes, fees, licensing... etc? And you want to give these cocksuckers more?
How 'bout we get a collection of pitchforks, rope and lamp posts instead and pissed-off taxpayers instead? You know, things that are already just laying around the house?
Exactly. I thought we had been kicking it upstairs all along.
haha good luck with that RCD. My original comment was half /sarc though and half if that's all it takes to buy a government then we should really form a PAC and start donating.
Interesting concept - a lobby for all US citizens.
Sign up and have monthly payment arrangement that can be increase or decrease, but always a minimum, with a set per month maximum [daddy warbucks doesnt get unfair lobby, he already has plenty].
Then as bills come up or issues come up, you vote with dollars in account; if you can lobby on forums like this to get others to vote same way, maybe, just maybe we can start steering this country in the right direction.
Kind of like an internet 911.
This works until they use the internet kill switch against us.
I vote that donations by private citizens are tax deductable, with an associated lottery refund - also tax free - to encourage participation.
The system is paid for by managed "fees" that are fully disclosed, with a charter that mandates non-profit status.
This is basically a comprehensive campaign finance reform, whichhas been atempted but it always shot down or watered down somehow by... well, by monyed interests and the pols who benefit from them
Here's another interesting concept: Freedom.
Fascist bastards!
EXACTLY.
We are incapable of governing ourselves; i dont have a spare $1,000,000 to influence political decisions.
The sooner this whole sham known as "wall street" implodes, the better.
It is not just Wall Street. It is the whole political system.
Absent campaign finance reform (substantive not formative), the whole system is being "influenced" to the extent that it is a not democracy anymore but rather a legally corrupt system but known at a Kleptocracy.
Repeat to yourself, and to others: "it is NOT just Wall Street".....it is the whole system. Wall Street is just the most high profile.
@lizzy36
Is it any wonder that the two of the three highest paid are also the chair and co-chair? Surely, there is no correlation between money received and positions awarded. /s
Actually the chairman is only 6th on that list.
As well, it's important to remember the $808,799 contributed to the Hawaiian Allende during the 2008 cycle.
At least one name/state isn't correct so I wouldn't rely on the figures.
Jeff Merkley (D-OR) vs (D-VA)
Sorry liz, but "campaign finance" is a red herring. You can "reform" campaign finance all you want. Sorry to repeat myself, but so long as these cretins have large piles of other peoples' cash to throw around then substantially smaller piles of cash will always find a way to them to try to influence where the larger piles go.
+ The conviction rate at the Federal level is at 99% ,Spanish Inquisition was only 97% (Stalin was a perfect 100%.)
and NYC judges decide 100% for the Banks.Just like the CFTC Judges.
A spare $1M will not influence political decisions, but it should be enough to cover two dinner plates with some of Barry Soetero's front people.
Maybe that's the beauty of this all. The apathy of the people to stand for change will ultimately be that which unseats the the crony capitalist cabal. The unending greed will consume the entire system until it's destroyed Then the people will want blood, by then it will be too late for the 'status quo'. The people don't care because they realize the only way true change is going to come is by passage through some sort of societal event horizen. What the other side has in store is anybody's guess, it can go either way, liberty or tyranny. I suppose it depends on the character of each individual nations populace, all nations will be tested, and there will be blood.
Maybe that's the beauty of this all. The apathy of the people to stand for change will ultimately be that which unseats the the crony capitalist cabal. The unending greed will consume the entire system until it's destroyed Then the people will want blood, by then it will be too late for the 'status quo'. The people don't care because they realize the only way true change is going to come is by passage through some sort of societal event horizen. What the other side has in store is anybody's guess, it can go either way, liberty or tyranny. I suppose it depends on the character of each individual nations populace, all nations will be tested, and there will be blood.
this table as its presented should either get ZH into the law courts for public abuse of men in political office or the Pulitzer prize for good honest reporting!
What a fuckin joke.
Those aren't bribes. Those be economic friending.
i.e. JPM Likes Congress
That's the problem with Facebook. There is no thumbs down button.
Disgraceful.
Look at Schumer's haul. Ridiculous.
From a buisiness perspective, lobbying has the highest ROI of any investment. The people are being sold out for chump change.
There's that hope and change thingy again.
Why didn't they all just get together at the local strip joint (first lap dance on JPM) and forego all the pretense.
I prefer to think of Dick Shelby as the Honorable Senator from Tokyo Prefecture.
He probably even glows in the dark.
I believe the American justice system will work this case out fairly....
Ha ha ha...! LOL!
You spelled "just us" wrong
And I just saw Elvis...
Coincidence should not be perceived as bribery.
Shocker. As I said in a comment yesterday, these monkey-ass bankster whoreboys (e.g. Your Elected Representatives) will be addressing their true Paymaster today.
Grilling ones Boss can be very tricky.
and people thought he was angry this time around with obama lol JPMorgan Employees Join Goldman Sachs Among Top Obama Donors
http://www.bloomberg.com/news/2012-03-20/jpmorgan-employees-join-goldman-sachs-among-top-obama-donors.html
"Watch as the bribees pretend to interrogate their paymaster"
Thank you zero hedge - great chart and an absolutely honest appraisal of the upcoming dumb show that we taxpayers are paying for all the way around - the interrogators who's elections are financed by those they pretend to regulate but who's paycheck and obscene benefits come directly out of the taxpayers pockets and Mr. Dimon who gambled with taxpayer dollars in a no lose proposition - the gains were all his and the losses are all the taxpayers - it's nearly laugh but it's really a cry!
It's the Reality TV show called American Democracy, with occassional cameo appearances by its corporate sponsors . . . who just happen to own the network itself.
It's an elaborate yet slapstick circle jerk.
"slapstick circle jerk"
ouch
This will be a joke...the Bankers cant say anything...the regulators know nothing..and the Senators know nothing...lol....
David Vitter (my senator) may have been caught in a hooker scandal, but he's been rock solid on TARP and bankster matters. Keep it up, David. I'll be watching closely.
criminals.
That's some pretty awesome ROI for Jamie-boy, there.
Reminds me of something I used to say so long ago that I've long-ago grown tired of saying it - if politicians didn't have Billions (back when Billions meant something) of other peoples' money to throw around then people wouldn't be willing to spend thousands (back when thousands meant something) of their own money trying to influence them.
Who votes for a guy named Mike Crapo?
A complete waste of time. Just allows those on the panel to beat their chests. They do not even know what kind of trades they did or how to execute them.
Interesting fact: In the 1950s and 60s banks held almost 90% of their assets in Treasuries. They took in deposits, loaned out money to those worthy, were trusted, safe and conservative. They paid dividends, investors were comfortable, and their stocks were solid. Now, they hold only "6%" in treasuries. We all know the rest of the story. What a pathetic group they have all become. They have destroyed our system as we knew it....and do not even give a shit. And they are all free.
And rich. In charge.
Are the "R" and "D" designations supposed to mean something?
I believe it is a vestigial appendage, like the tail bone.
Well, I guess the entire TV day will be focused on nothing. That is J Dimon. That is all they will talk about and it means nothing, will solve nothing and will change nothing. TV off, my music on, news feeds working and ZH at the top of my screens.
I am sure if someone drilled down far enough JPM did not miss contributions to any of the 22 members. Some are just off balance sheet or in "other" accounts for friends and family. Remember the job Michele Obama had at the hospital while BO was a senator.
I am sure no one was missed.
or GS and MS took care of the other committee members.
JP Morgan has a broad and diversified portfolio; its investments include not only banking committees but also prime ministers, presidents and judges.
Protester interrupts Leveson inquiry to accuse Tony Blair of war crimes
http://www.youtube.com/watch?v=i2ny-8lcLkA&feature=related
13 members of the Committee received no bribes?
This is an outrage!
Or 13 members of the Committee just haven't declared their bribes.
I bet they are having one of their staff call JPM right now for a request......
Please sir, please? May we short some more, (DICKENS) BAD EXPECTATIONS LOL
BTW; wheres the MF global money, stolen, and when will you return it?
Please sir, may we have some more? please sir; when you double down again on the CDS shorts to $ 200 Billion and hope they print.....
we're in the $ 5 Billion to $ 10 Billion range now bank loss; if Eu collapses we can go to a $ 20 Billion overnight.....loss, overnight;
lets Hedge LOL short some more.....buy some more mortgage back securities... LOL
we cant get out, of the postion, might as well short another $ 100 Billion naked short, CDS's Spain and Italy cant go under....CANT BE!!!!
Oh, and by the way, the 50 trillion in swaps that were not mentioned at all that we have on our "other" book are hedges.
America, this is your leadership.
Puppetocracy.
Or is it Farcism?
In either event, bring in the muppets!
FOUR YEAR TERMS
ONE TIME; NO REELECTIONS
NO EXCEPTIONS
If you are not compromised you don't get to play with the big boys. I'm sure JPMs got a packed archive containig video and pics of cocks in mouths, crossdressing, drug use and all manner of honeytrappings..All ready at a moments notice should one of their callboys sprout a consience..The ballet of dicks, pussys and assholes.
What a great piece of news. I love this site!
How sophisticated this nation has become!
In Virginia, to get elected to the House of Burgesses in the 1700's, it was only necessary for a canidate to show up at the polling place with a barrel of hard cider.
Don't forget the $808,799 contributed to the Hawaiian Allended during the 2008 cycle.
Bribery aside, you all seem to forget that Senators get to look at what's behind the banking curtain. What they see must be scaring the sh*t out of them. Giving the banksters what they want and saving the country from torches and pitchforks is a win - win for everyone."Campaign contibutions" are the icing on the cake. Works for them.
I think I'd find this a lot less offensive if our senators didn't come so cheaply. I mean, really? You can buy all the influence you'd ever need in the senate for under $900k? That's a bargain. I'm surprised these banks even look at the DIJA or the S&P500 anymore, you can get north of 10,000% returns on political contributions alone.
9% of the US Senate - $877,798
9% of Facebook's Outstanding Shares - $5,325,390,000
Which one will give you a better return?
The real payments come in the way of insider information.
You guys had a good article on the ROI of government lobbying efforts. And now this, $877K?, is that all it takes these days? Why are these politicians so cheap? Paging Scott Boras . . .
You Can’t Handle The Truth-This Is All You Need To Know: The Republic vs THE CORPORATION http://www.usavsus.info/ CONgress are the board of directors
satan's own may be crowing now about his massive blizzard job on the congressshits and muppetcasters on financial media, but his bank is orders of magnitude larger than fukushima.....jpm is at the epicenter of the interest rate swap towering inferno.....this fucktard will be more despised than bernie madoff when the radiation starts glowing.....
Real Politik, bitchez!
Schumer does knows how to rake in the $$$. I would like to be his bagman for a 10% cut.
Instead, you are his bagholder.
What's the over/under that Lloyd cracked a cold one in front of CSPAN, tilted back in his leather command chair, and settled in to enjoy a bit of schadenfreude (for a change) as that Jamie mofo choked down back talk from guys earning less than the junior analyst who carries his gym bag?
Rally Warning Continues...
SPX bullish daily chart & USDX bearish daily chart strengthen.
Significant equity / EURUSD upside & USDX retracement ahead.
http://www.zerohedge.com/news/2012-12-24/market-analysis
Is it too much to hope that they will recuse themselves due to the blatant conflict of interests involved ?
Actually, I think I already know the answer ..
HEY TYLER - CHECK YOUR FACTS - WRONG SENATOR LISTED (AT LEAST ONE)
Merkley is Oregon's Senator. Wish I could rely on the figures, but if the names aren't accurate . . .
Everone spam the MSM and tell them to cover this!
Politicians from both parties are complicitely involved with the corruption in wall street. The classic revolving door between wall street and congress. This is precisely why America is headed to a train wreck. Such blatant conflict of interest must be rectified or the investigation's credibility will be questionable.