3rdnlng Posted October 21, 2013 Share Posted October 21, 2013 (edited) This crap just permeates throughout this "I'll fix your ass" administration. From the New Black Panthers voter intimidation and bounty on Zimmerman get out of jail free cards to the closing of memorials, parks, private businesses it's obvious if you piss them off, you're going to pay. http://www.newsmax.c...mo_code=153C3-1 "Much of JPMorgan's legal problems stem from its acquisitions of Bear Stearns and Washington Mutual, whereas Goldman Sachs' mortgage securities problems were manufactured within its own confines. Again why is JPMorgan treated so much more harshly, and without regard for the broader macroeconomic effects? Much of Wall Street backed Barack Obama's bid for the presidency in 2008, and subsequently maintained distance for the 2012 campaign. Goldman Sachs has continued close ties to the administration and the Federal Reserve. All this raises serious questions about the exercise of prosecutorial discretion by Eric Holder's Justice Department." Edited October 21, 2013 by 3rdnlng Link to comment Share on other sites More sharing options...
DC Tom Posted October 21, 2013 Share Posted October 21, 2013 This crap just permeates throughout this "I'll fix your ass" administration. From the New Black Panthers voter intimidation and bounty on Zimmerman get out of jail free cards to the closing of memorials, parks, private businesses it's obvious if you piss them off, you're going to pay. http://www.newsmax.c...mo_code=153C3-1 "Much of JPMorgan's legal problems stem from its acquisitions of Bear Stearns and Washington Mutual, whereas Goldman Sachs' mortgage securities problems were manufactured within its own confines. Again why is JPMorgan treated so much more harshly, and without regard for the broader macroeconomic effects? Much of Wall Street backed Barack Obama's bid for the presidency in 2008, and subsequently maintained distance for the 2012 campaign. Goldman Sachs has continued close ties to the administration and the Federal Reserve. All this raises serious questions about the exercise of prosecutorial discretion by Eric Holder's Justice Department." It's very simple, really: since they couldn't legally get a "windfall tax" through Congress, the administration found a regulatory work-around. Fining JP Morgan $1B for an internal $4B trading error was ludicrous in the extreme. Link to comment Share on other sites More sharing options...
Nanker Posted October 21, 2013 Share Posted October 21, 2013 Another sign of the times as the Goliath federal government's sheer mass distorts the frictionless markets much like a black hole distorts gravity and bends light. The libtards dream of government so massive that Wall Street and industry quake and stand in line to receive their handouts of money from the public trough, while it's leaders parade around and sashay about like the Real Hookers of Washington, DC getting paid off with corporate contributions coming from those same public funds once "properly" laundered. Link to comment Share on other sites More sharing options...
Tiberius Posted October 21, 2013 Share Posted October 21, 2013 It's very simple, really: since they couldn't legally get a "windfall tax" through Congress, the administration found a regulatory work-around. Fining JP Morgan $1B for an internal $4B trading error was ludicrous in the extreme. Ya, ya, Tom, just like the shake down of BP! Link to comment Share on other sites More sharing options...
DC Tom Posted October 21, 2013 Share Posted October 21, 2013 Ya, ya, Tom, just like the shake down of BP! No, it's about an order of magnitude worse. Link to comment Share on other sites More sharing options...
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