It's a publicly held company. Are you saying you have no sympathy for the stock holders?
Even if you have none, are you in support of the government attacking the very company that picked up all those failing mortgages at the request of the government?
Not my point at all. JP Morgan's Dimon was Obama's BFF and made BILLIONS off of being handed SOLE CONTROL over Obama's exploding EBT program, among other boondoggles. But Dimon screwed up and criticized Barry. BIG mistake. Now he pays. I don't care about the shareholders. Incidental. This is a crony mafia enterprise. Boo freakin hoo.
No sympathy for the stock holders. None. Let’s see what “J P Morgan” + “manipulation” gives us over the last year, shall we:
silver market
gold market
FX / currency markets
energy markets
“London whale”
Nobody can be shocked, shocked, that a company accused of manipulation in so many markets is going to get nailed now and then.
Hell No, I was a WAMU stockholder and was taken to the cleaners on that one. Luckily, it was not that big of a cash loss and I was speculating, but I will never touch a US bank or financial stock ever again.
JP Morgan was “handed” WAMU on a silver platter one weekend back in 2008 by the FED, I call this Karma. What the Government gives you, the Government can take away.