Comments on: JPMorgan Trading Loss May Reach $9 Billion

By: dRp

dRp — Fri, 29 Jun 2012 11:35:27 +0000

He opened his mouth and with a smile out came lies. What’s new?

By: Bobbi Swann

Bobbi Swann — Fri, 29 Jun 2012 00:23:14 +0000

Could not have said it better. Obama is not going to allow Glass-Stegal to come back and I don’t know what Romney has on his plate in this regard. Getting Obama out is definitely needed but are we trading one bad apple for another? Just look who the campaign contributors for Romney are…..the banks! Does anyone realize just why they are gearing up those prisons that were turned over to private management? Well, guess what folks…just try to go too far on the streets and it will wind you up in one of those prisons. No kidding….it’s communism at the cusp!!!

By: BobSublime

BobSublime — Thu, 28 Jun 2012 18:20:42 +0000

The problems are that since the repeal of Glass-Steagall, the investment banks have absorbed the commercial banks, are gambling with depositors' money and are being backstopped by the American taxpayer, through the FDIC. What a perfect situation for the bankers. With the workings of Socialism-for-the-rich and Capitalism-for-the-rest-of-us, they cannot lose and we cannot win. We need to immediately reinstate Glass-Steagall, dismantle the big banks to stop TBTF, require registration and transparency of all derivatives, publish the MERS and all securitization databases and jail the perps who crashed the economy, starting with Greenspan, Summers, Rubin, Sen. Phil Gramm, and all of the founders of MERS. The problem is that all of Congress (and our President) are on the take from the banks. This is reason to get into the streets! If we continue to take it, we will continue to get it.