Posted on 01/28/2014 6:15:58 PM PST by 1 spark
Just think what the sheeple will do when their freebies dry up.
ugly on the way
And how long do we have before we find out?
- JP Morgan has paid $20 billion in fines for criminal wrongdoing last year.
- JP Morgan was the largest payment processor of EBT card transactions, certainly a safe business, but is now putting that business up for sale.
- JP Morgan's "London Whale," a "rogue trader" was based in London, and lost JP Morgan a lot of money when his trades went sour.
- London has looser financial laws than New York, and is where a lot of the really shady deals occur.
- MF Global, run by Corazine, made its bad trades in London using customer's rehypothocated money.
At least no one has left a Vatican banker hanging under the bridge in London this time. http://en.wikipedia.org/wiki/Roberto_Calvi
This time, the Vatican money launderers made it to trial in Italy (at least the minor players) http://www.reuters.com/article/2014/01/21/us-vatican-bank-monsignor-idUSBREA0K0DE20140121
Perhaps they knew too much and were unwilling to keep quiet about it or go along with it.
And, now there’s this...
Fears of bank runs have escalated with the news that Russian lender ‘My Bank’ has banned all cash withdrawals until next week.
Nah... I read Matt Drudge's advice last night and went out and stocked up on those 3 staple items. I'm good.
I don’t know, but no one has contacted me in regards to the new career possibilities on linked-in. I got to work on my profile, Mrs. jrzguy wants to live in exotic UK. I told her its just like Bayonne, NJ, but nooooo, she needs to see Canary Wharf for herself.
Have an exit plan... -Matt Drudge
Didn’t this sort of thing happen a lot during the Great Depression of the 1930’s? The economy crashed, rich peoples’ money evaporated, and they killed themselves en masse because they didn’t know how to survive without the wealth cushion. I work for a rich widow in Geriatric Home Care, and one day she told me “My first husband committed suicide because he was down to his last million dollars, and he couldn’t take it. He was terrified of being “poor”.
If your self-worth is determined by what’s in your bank account, then you have a serious mental problem. At least in my opinion. If you get knocked down, you’re supposed to get up and start over. Over and over, for as long as you’re stuck on this planet.
Yep. Sometimes accidents aren’t accidents, and suicides aren’t suicides.
Bouncing bankers are never a good sign.
My thoughts exactly. ZeroHedge and other sources are stating that insiders are selling like crazy.
No kidding
Quick, someone get a post off to 221-B Baker St.
JP Morgan was the largest payment processor of EBT card transactions, certainly a safe business, but is now putting that business up for sale.
___________________
Sell the cash cow to raise cash?
color me extremely worried
I don’t know the reason, but I wouldn’t sell that business unless I really, really, had to.
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