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JPM CAUGHT RED-HANDED BY FBI.DERIVATIVE STEALING FROM SCHOOLS AND CITIES:

Link: http://www.bloomberg.com/apps/news?pid=20601014&sid=aIL9gsK5wG40

Example 1: JPM made more money than it paid out for Erie, Pennsylvania School District=
School Got = $755,000 and JPM collected $1.2 million in fees.

Example 2: JPM made over $4 Million on Philadelphia Intern Airport $6.5 Million Derivative
In SEC testimony “They're about getting fees and getting the most fees they can get.” that is 10 X Cost of a bond issue. JPM bankers then gave $280,000 to Airport Executive’s school district for signing Contract.

Five JPM derivative bankers are targets in investigation of banks conspiracy to overcharge local governments!

How Fees Are Hidden: JPM locked in FEES selling a Mirror-Image Swap Contract on open market for MUCH Higher Amount.

FEES are hidden in Derivatives and then skimmed into the pockets to maximize Employee incomes?

JPM made that a common practice (FBI Case) and we know G0LDMAN does it also!

JPM+G0LDMAN routinely Hides fees for Derivative Contracts public records show.
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HOW HIDDEN FEES IN DERIVATIVES SCAMS WERE USED TO STEAL THE FUTURE
- VERIFIED BY FBI investigation of JPM!

Having worked with CPA's and Managers Building Complex Math Models all my life I have some insight into what Bankers and their PhDs did in creating LUCRATIVE DERIVATIVES! Retired now!

Question Bankers had was how to increase Salaries/Bonuses to $Tens/Hundreds of Millions using Derivatives.

Buying&Repackaging&Selling mortgages could not provide enough PROFIT MARGIN for MASSIVE INCOMES!

Bankers decided to "STEAL the FUTURE" using statistical+mathematical Projections of Housing Hyper-Inflation (2003-06 PEAK)!
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HOW Banksters stole OUR FUTURE!

Look under the HOOD of a Derivative= a bunch of mortgages sliced and packaged together+HIDDEN FEES

1. Used Math Models to Project Housing Hyper-Inflation 2003-2006 forward TEN+Years.

2. Add Projected Growth in Fees to Cost of Derivatives-Capturing FUTURE GAINS.

3. SKIM off FEES into Executive/Employee Incomes!

4. Sell FEE Laden High Risk Derivatives as Fake Rated "AAA" Low Risk paper.

Derivative begin life at say 50% of FACE VALUE (projected hyper-inflated future value)

Reason Derivatives are worth Near ZERO after housing dropped less than 50%.

Derivatives should be worth 50% but NO! NEAR ZERO!

Simple Models to STEAL AMERICA'S FUTURE resulted in Hidden “Off-Balance-Sheet” Toxic Derivatives according to 0ffice of Comptroller of Currency, 0CC, quarterly Report:

1 JPM0RGAN $81TRILLION in Toxic Derivatives
2 BofA $78TRILLION
3 G0LDMAN $48TRILLION
4 M0RGAN $39TRILLION
5 C1T1GROUP $32TRILLION

http://www.occ.gov/ftp/release/2009-72a.pdf
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