JP Morgan Chase & Co (JPM)

[JimsZ]

He sure does have a point that everything "crooked" that comes up JPM is involved in some way or another


From credit default swaps out the wazoo

to

ripping off counties for everything they have

to

manipulating commodities (this is not the first accusation against JPM although first lawsuit)

to

stealing banks with the FDIC help!


What exactly is offensive about it? JPM is at the center when it comes to anything illegal/immoral/wrong with the world....



I am not going to say anything about all this with foreclosures because I do believe if someone doesn't pay for their house, they should not be able to live FREE... I do believe if it weren't for these banks either betting against the loan or having bad loans bought out in whole that alot of these banks would be more willing to keep people in their houses... My way of looking at it is, if the person isn't worth giving a loan to, then dont! If the person is but faults on the loan, work with that person to get caught up. My brother's home loan got couple months behind due to him being laid off and he didn't have a job. The bank would not accept partial payments and/or less than the full amount he owed. They would not re-do his loan to catch him up even though he had good credit. This should not be. These banks such as JPM get paid 100% whether you fail or not so it really doesn't matter!