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Thread: The Romney sector takes another hit as Chase loses 2 billion

  1. #1

    Default The Romney sector takes another hit as Chase loses 2 billion

    NEW YORK (CNNMoney) -- The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss.

    http://money.cnn.com/2012/05/11/mark....htm?hpt=hp_t2

    Do we want to put a white whale voldomort in the White House?

  2. #2
    Administrator Bill Cosby's Avatar
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    He saved the auto industry like his dad, let him save himself........
    We judge ourselves by our ideals; others by their actions.
    Howard Zinn

    We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both.

    Louis D. Brandeis

  3. #3

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    http://www.boston.com/news/politics/..._desert_obama/

    This piece explains my political reference in this OP. Banksters are running to Romney as Obama takes aim.

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    Administrator Bill Cosby's Avatar
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    When the head of JPMorgan Chase met with shareholders to answer for a trading loss of more than $2 billion Tuesday, it was against an evolving political backdrop: Donors from big banks are betting on Mitt Romney to defeat President Obama and repeal new restraints on risky, large-scale investments.

    “There’s no doubt that there’s been a big diminution of support for the president,’’ said William M. Daley, Obama’s former chief of staff and a former top JPMorgan Chase executive. “People in the financial services sector are saying, ‘The president has been too tough on us, both in policy and on rhetoric.’ ’’
    Maybe they something we don't???

    These guys are prO's, they never take stupid risks or make stupid investments....
    We judge ourselves by our ideals; others by their actions.
    Howard Zinn

    We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both.

    Louis D. Brandeis

  5. #5

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    Those assholes know that they can lose big money & still come out on top in the long run if they are left alone to do whatever the fuck they want even if it screws millions of people over.

    And Romney will get out of their way.

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