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JP Morgan
Payne: Levin's JP Morgan scapegoat
“(This) is an exact description of the type of risk-taking that got us into this financial crisis and recession,” said Oregon Senator Jeff Merkley in a joint news conference with Michigan Senator Carl Levin this week jumping on a $2 billion loss by JP Morgan as evidence that banks caused the 2008 financial crisis and that they … Continue Reading →
No trust in too big to fail banks
If you need proof that privatizing Social Security and throwing senior citizens to the wolves of Wall Street would be a huge mistake, look no further than JP Morgan’s $2 billion loss disaster yesterday. JP Morgan was supposed to be the smart player. The responsible one who didn’t get caught in the 2008 meltdown and … Continue Reading →