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Lowjack

05/27/20 2:56 PM

#2908 RE: Saving Grace #2903

It's going to be an m shaped dead cat!

hellcatjr

06/08/20 2:44 PM

#2909 RE: Saving Grace #2903

This/these type(s) of things are said a lot and imo are nothing more than fluff and hot air. When was the last time you seen a high level banker get jailed? Maybe a hedge fund manager but those are different. Banks are merely facilitating economy and thus as long as money is moved and money is made, risk minimized, the bank is just 'doing' its job.

Unfortunately the larger issue is of course the way banks operate in general, considering, that this is modern day slavery because the issuance of money is privately held and our taxes REQUIRE payment in LEGAL TENDER only, thus they have a monopoly.

As this relates to JPM in today's environment, I'd wager against you and say the banks are probably about to make a big move upwards, as they have profited immensely during the pandemic, although cash flow was restricted, interest was still accruing.

A banks biggest asset is time.