JPMorgan

This week on the New World Next Week: Bayer and Monsanto birth a Big Ag/Big Pharma/GMO monstrosity; Jamie Dimon would love to be President; and the EU preps for the continental army.

This week on the New World Next Week: Bayer and Monsanto birth a Big Ag/Big Pharma/GMO monstrosity; Jamie Dimon would love to be President; and the EU preps for the continental army.

In a massive attack originally blamed on China... and Russia ...and (Insert Enemy Du Jour Here), Reuters reported this week that three arrests have been made.

"The problem is not that I don't understand the global banking system. The problem for these guys is that I fully understand the system and I understand how they make their money. And that's what they don't like about me."-- Sen.

Last night I was watching a PBS showing of Ken Burns' The Roosevelts-- An Intimate History, when J.P. Morgan's ugly mug popped up on the screen. A social parasite who our political elites failed to protect society from, Morgan blurted out, "I owe the public nothing" ... which is pretty much the way Wall Street still feels. Today's Republicans are not Teddy Roosevelt and they are not going to hold to fire to the feet of predators like Morgan. Alas, neither are most Beltway Democrats.

By Steve Straehley | AllGov | March 16, 2015 Giant financial institutions that benefitted from federal bailouts during the depths of the recession have repaid the American people’s largesse by hiding profits overseas to avoid paying their fair share of taxes. According to a report (pdf) commissioned by Senator Bernie Sanders (I-Vermont), four big banks—Citigroup, […]

There are a dozen Republican kooks on the Senate Budget Committee, all right-wing ideologues who worship at the alter of low taxes for the wealthy and torture for ordinary working families.

The industry still prizes short-term profit over long-term prudence, today’s bonus over tomorrow’s relationship.
— Christine Lagarde, IMF Chief, May 27, 2014

The NFL is the official launchpad of state sponsored propaganda, Common Core is taking over the schools. JPMorgan’s fines are tax deductible and giving $100 to Homeless People. Happy Thanksgiving. Links: Salute to Service TN …

If you watched the History Channel series, The Men Who Built America you may recall that JP Morgan backed Thomas Edison and made a bid to control the electric industry in America. The clip above is just an introduction and doesn't go into Morgan's ruthlessness. Today JP Morgan is an even more powerful Wall Street firm than the founder could have ever imagined-- and, once again, ruthless in its quest to make money from electricity.