The government executes a shakedown-witch hunt-scalping-jihad against JP Morgan Chase.

October 23, 2013 (05:05)

Category: Bailouts, Legal, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “TDS: A Nightmare on Wall Street”

  1. Moss says:

    Should be interesting to see how the apologists react to JPM’s exposure to the Madoff charges they will most likely face.

  2. NoKidding says:

    Steward is the least partisan TV personality I know of. He’s got a little bit of a left slant, but its so small as to go unnoticed. I love the way he exposes hypocrisy on both sides of every debate. His comedy bit has been a better source of news than the real news for a long, long time and that should be embarassing to FOX and CNN both.

  3. RW says:

    Dimon in a 2010 public statement agreed that the liabilities of acquired companies went with the purchase and set aside $28 billion with that in mind. The actual cost to JPMorgan is about $9 billion since a significant portion of the $13 billion settlement is tax deductible.

    All of which appears to confirm Stewart’s conclusion that, “settlements for corporate fraud and malfeasance and donations to breast cancer charity are equal in the eyes of the law.”

    The more things change, the more they stay the same, eh?

    “The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread.” -Anatole France (Le Lys Rouge, 1896)

  4. louiswi says:

    Jon Stewart is a national treasure!!!!!!
    A clear concise parsing of the 24 hour news cycle every day and all in less than 15 minutes.

  5. Livermore Shimervore says:

    Oh that’s why I passed on buying shares in all those asbestos companies being sold for a song…

    I thought Cramer and Judge Napolitano went ot law school?

  6. india forex says:

    Livermore, Loved your comment! Thats actually the thing is…

    “Oh that’s why I passed on buying shares in all those asbestos companies being sold for a song…
    I thought Cramer and Judge Napolitano went ot law school? ”

  7. flocktard says:

    Thats’s an excellent point, forex. How does Napolitano NOT know that when one corporate entity buys another, the legal liabilities come with them? This was a judge? Maybe in traffic court?