Neil Barofksy on JPMorgan Trading Loss, Regulation (VIDEO)

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2 Responses to “Neil Barofksy on JPMorgan Trading Loss, Regulation (VIDEO)”
  1. Beth A> says:

    So….Jamie Demon was forced to make an emergency shareholder call — give a listen to it if you are inclined. I sat through it last night and clearly Demon was sweating bullets (and sniffing frequently…e.g., nerves). This loss is just the beginning. We’ll soon be reading about deeper, far more expensive losses. But alas, Demon will still get his bonuses on the backs of the citizens of the USSA.

    You’ll be hard-pressed to find any of Demon’s cronies be critical of him…anyone find that interesting? They are all in bed together…

    This Bruno Iksil (who I have serious doubts in connection to his true existence) is being made a scapegoat as the rogue traders — but the company knew, dispute claims otherwise, exactly what they were doing. Demon is fooling no one – especially those of us in the industry (regulatory compliance).

    THere is a special place in Hell for Demon and his minions.

    • WILLIAM DE LEON says:

      HERE WE GO AGAIN. THE VERY ESSENCE OF THE BANKING SYSTEM IS LONG GONE; THAT IS RECEIVE, PAY INTEREST ON DEMAND DEPOSITS, AND THEN MAKE PERSONAL AND BUSINESS LOANS WITH A SPREAD. INSTEAD WHAT WE HAVE IS A GIANT MACHINE MADE TO SPECULATE WITH DERIVATIVES, COD, CREDIT DEFAULTS ETC……SO .WHAT WILL BE THE END OF ALL OF THESE TOO BIG TO FAIL SO CALL “INSTITUTIONS“, WHEN THEIR BETS GO AGAINST THE HO– USE: BAIL THEM OUT WITH OUR OWN TAXPAYER MONEY. SHAME ON YOU MR. CEO

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