JP Morgan pays $920m to regulators
 

Will the bankers ever learn?

http://www.bbc.co.uk/news/business-24159801

Why will they Jim. It's the only job I know where you can totally screw up and get a £xx,000 or more hand shake :nope: Bastidges

Impose custodial sentences in addition to fines to those responsible and bring in tighter scrutiny and governmental control measures.

You?

Agreed...that is one of the most annoying aspects of this whole sorry financial system...in the UK anyway.

No they don't learn, because they know they can make more money breaking laws and regulations than the fines or lawsuits brought against them.

Well thanks for your honesty anyway.

I forgot to mention, strip them of their gold plated pensions and share issues as well because it is all about money and the greed for more.

Whole heartedly agree Jim, will it ever happen? I doubt it, but hope I'm wrong.

That's a drop in the bucket.

How come someone who steals 100$ will go to prison, but steal a billion and you get interest free loans from the Fed?

Any free capitalists wanna explain that one to me?

JP Morgan is always being fined and they answer with this...:har::har::har::har:


They don't give a hoot they are making millions every day.

Government? Sure they know it better? They live parasytically.

Problem is there is infinite supply of money. It gets inflationarily printed.

Reduce the availability of money by making it non-printable. Means - get rid of papermoney, return to normal covered money. This necessarily will reduce availability of it, and making its value a free negotiating by and on the market.

Have you never wondered why politicians were the ones enforcing central banks? Central banks are the infinite money source that politicians want like an addict needs his heroine.

And you think politicians really have even an interest to regulate the system towards printing less money? You expect them to act against there own career interests.

Isn't this the truth?
Same with the drug companies. They make 2 billion dollars on a new drug then end up paying 300 million dollars to pay off the class action law suits.

Look what they did with the bailout, given billions to help home owners, not only did they not loan, they simply stole numerous homes. Sure,, they paid millions in fraud lawsuits, but they made 100 times more breaking the rules. They create a problem, get a bail out and still give themselves millions in bonuses. Was anything solved, not really, they do the same thing and they're still too big to fail.

Fines? More like bribes.:-?

Give a man a gun and he can rob a bank and go to prison for it. But, give a man a bank and he can rob the world and get paid handsomely for it.

Wouldn't it be nice if people did just a little research before they repeated what they've been told?
http://www.forbes.com/sites/matthewh...panies-ranked/#
http://en.wikipedia.org/wiki/Drug_development

On the other hand, and to be fair, a pair of economics experts question how much it really costs and come up with some numbers of their own.
http://content.healthaffairs.org/content/25/2/420.long

I think he was trying to make a point...