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To: 1 spark
Just some dots that you can connect any way you like:

- 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.

43 posted on 01/28/2014 6:50:19 PM PST by Vince Ferrer
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To: Vince Ferrer

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?


57 posted on 01/28/2014 8:11:53 PM PST by reformedliberal
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