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  • US government 'Robbed' JPMorgan, Payback for CEO's Criticism of Obama

    10/21/2013 9:57:43 AM PDT · by SeekAndFind · 17 replies
    NewsMax ^ | 10/21/2013
    Sunday's New York Post page one headline about JPMorgan's fine screamed "Uncle Scam" with the sub headline "U.S. Robs Bank of $13B." Wall Street went into a tizzy this weekend with the news that one of the nation's biggest banks agreed to fork over to the federal government $13 billion in fines related to its mortgage securities business. The Post quoted bank analyst Dick Bove of Rafferty Capital as saying the deal "is a basic and fundamental attack on capitalism." "It is possible that the government is taking away the property of the JPMorgan shareholders without the shareholders having committed...