Comments on: Top JPMorgan Chase exec to resign over loss
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- So how big is the golden parachute, and surely anyone who complains is jealous because a successful businessman has earned his money and his parachute, yes? ;-o
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- And why has Mr. Dimon not resigned? Doesn't the buck ultimately stop with him? If he has been unwilling or unable to adequately supervise his bank in the past, why should we think he will do any better in the future. I sincerly hope that his board of directors/shareholders hand him the 'pink slip' with NO severance package.
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- And The Republicans in the Congress want to get rid of all regulations on these thieves. Follow the money right to their offices.
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- Why did Dimon annouce this loss when it is immaterial to Chase's quarterly bottom line? It looks to me as if Dimon found a way to politically out manuveur three of his internal rivals. Heads are rolling.
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- How can we expect Congress to pass regulations that might hurt their cash cow for re-election. That may seems complicated to the regulators but not to the citizens.
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- RESIGN AND WALK AWAY AFTER ALL THE FINANCIAL SWINDLES AND RUINATION CAUSED?
THE FOLLOWING ARE LEGITIMATE QUESTIONS WHICH ARE GUARANTEED TO NOT GO AWAY:
What will be done to bring justice for all the cheated victims of JP Morgan and their fellow Co-Conspirator Banks and bankster/financiers, who not only caused major financial damage but in many instances have destroyed lives with their sophisticated, well-calculated 'investment swindles', stock and commodity price-manipulations, etc, for all those years?
What will be done to the multitude of other fraudulent, economy-wrecking and nation-wrecking Wall St investment bankers, brokers, and other financiers who have essentially snatched away Tens of Millions and likely Hundreds of Millions of people's futures, by their deliberately-misleading, complex investment and other financial swindles which said perpetrators have indeed committed for decades?
Or are America's legislators, regulators, judges, lawyers, accountants, and other of these parasitic financiers' associates in on the fraudulent, Licensed-to-Steal, Wall St/investment banking system, and will continue to do everything within their power to keep things the same?!
IT HAS BECOME INCREASINGLY APPARENT, THAT PRESIDENT OBAMA HAS WILLFULLY ACCOMMODATED, AND FACILITATED THE FUNNELING OF HUNDREDS OF BILLIONS TO TRILLIONS OF DOLLARS, TO HIS WALL ST AND OTHER CORPORATE 'FRIENDS AND ASSOCIATES' CONTROL ON AN UNPRECEDENTED SCALE, THEREBY AIDING, ABETTING, AND ENCOURAGING CONTINUATION OF THE SAME!
AS A RESULT, WE CAN ONLY EXPECT A BREAKDOWN OF RESPECT FOR ...
... VIRTUALLY EVERYTHING ...
AS EXEMPLIFIED BY OUR DISHONEST LEADERS! - Reply to this comment
- Part of the problem is not just understanding these trades.
"These traders are given enormous discretion without proper supervision or Understanding, and you end up with these enormous losses,"
What's scary about the situation is how likely it is to happen again.
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Three parts of this story struck me.
1. is why regulators or regulations are not going to fix the propblem.
2. Is why Dimon should step up and own it. He is a coward.
3. Self explanatory. And why we should not allow super banks that can take America down when their poor business practices catch up with them. - Reply to this comment
- The fact that commercial banks are still being impacted by risky transactions might even be worse than the 2008 financial crisis. The drive for higher and higher profits tend to create bad decisions. The investment and commercial banks need to be separate and the commercial banks need to be insulated from the risky investment world. I would think the boards of the commercial banks would be concerned with derivatives driving profits.
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- Does anybody else notice a similarity between these guys and politicians? They are great at stating what the problem is but have absolutely NO answers and state none. It doesn't take a genius to state that "what we did was wrong" and that "this should not have happened", blah blah. But I get the notion that they'll be right back at it today after letting go the obligatory sacrificial lamb or two to satisfy the doubters. What a joke. If I lost $200 in my job, my boss would fire me. They lost 10,000,000 times that much and get a stern reprimand! Gotta love these guys and the wholesale way they destroy the little guy. A walk in the park.
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- I guess Jamie Dimon is a savvey banker after lossing 2 BILLION dollars thinks he should stay in control of Chase, I understand there another possible 1 BILLON loss to come, This is why the Bankers should be HUNG not just fired. So an underling goes but the CEO gets to stay so he can lose more money, He obiously not in control and should go TOO.
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