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Re: JP Morgan Chase Execs Vaporize $2B

Posted by JayZeeBMT on Mon May 14 11:39:46 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by Charles G on Mon May 14 11:28:04 2012.

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I stand corrected. The Fed, under Obama, has so far subsidized the six largest US banks--Bank Of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, and JP Morgan Chase--borrowed almost half a trillion 'at peak periods', and between them, the Fed has set up rescue programs worth a total of $77 trillion.

Silly me, for thinking it was only a trillion. Now JPMorgan Chase has vaporized a couple billion of THAT, and they will come right back to YOUR paycheck to "recover the loss".

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