eyewall41 All American 2262 Posts user info edit post |
It is pretty clear there is still a world of anger at big banks, Wall St., and billionaires promoting austerity measures. This was evidenced on Twitter as JP Morgan and "Fix The Debt" took a beating by trolls on Twitter when they attempted Q&A sessions.
The following links show what happened:
http://www.salon.com/2013/11/14/jpmorgan_humiliates_itself_in_front_of_all_of_twitter/
http://storify.com/search?q=%23AskJPM
http://storify.com/fasteddie9318/fix-the-debt-s-fix-the-debt-q-and-a-needs-to-be-f 11/15/2013 11:46:08 AM |
wlb420 All American 9053 Posts user info edit post |
Meh, if the government made it clear that, not only would I not be allowed to go under, but if it did make turrible decisions I would actually come out stronger in the end, I can't say that I'd do anything differently as a company.
operating free of risk is quite liberating. 11/15/2013 12:34:23 PM |
eyewall41 All American 2262 Posts user info edit post |
^ Unfortunately that is exactly the problem. Fines are just "the cost of doing business" to them. Only prison time would suffice, but that won't happen. 11/15/2013 1:46:27 PM |
TerdFerguson All American 6600 Posts user info edit post |
some of these were pretty funny
just fyi, banking regulators have allegedly come up with a plan to chop up and sell off any banks that are TBTF if when another meltdown occurs. Moody's downgraded some of the big banks this week because of the new plan:
http://www.bloomberg.com/news/2013-11-14/moody-s-cuts-goldman-sachs-morgan-stanley-jpmorgan-bny-mellon.html
I can't really say how legit the plan is, and its not like Moodys is especially credible, but maybe its a step in the right direction?
[Edited on November 15, 2013 at 2:17 PM. Reason : when not if] 11/15/2013 2:04:22 PM |
wdprice3 BinaryBuffonary 45912 Posts user info edit post |
Quote : | "operating free of risk is quite liberating." |
for who?11/15/2013 2:13:00 PM |
wlb420 All American 9053 Posts user info edit post |
^^slightly encouraging, but i'll believe it when I see it working...These gov "plans" tend to have unforseen consequences that turn out to be as bad, if not worse than the probem they're trying to solve.
^anybody....large financial institutions in this case.
[Edited on November 15, 2013 at 2:29 PM. Reason : ...] 11/15/2013 2:28:21 PM |
wdprice3 BinaryBuffonary 45912 Posts user info edit post |
Quote : | "large financial institutions in this case." |
exactly. and it's at the expense of everyone else.11/15/2013 2:46:39 PM |
Dentaldamn All American 9974 Posts user info edit post |
Only poor people 11/15/2013 2:48:00 PM |
TerdFerguson All American 6600 Posts user info edit post |
^^it'll trickle down . . . . . . . .someday 11/15/2013 2:50:09 PM |
wlb420 All American 9053 Posts user info edit post |
Quote : | "exactly. and it's at the expense of everyone else." |
I'm not sure what your point is...that's sort of what I was getting at...That, and gov policies have made it worse.11/15/2013 2:59:55 PM |
JT3bucky All American 23258 Posts user info edit post |
http://topinfopost.com/2013/11/14/911-style-attack-in-la-may-be-imminent-anonymous-warns 11/15/2013 3:21:49 PM |
0EPII1 All American 42541 Posts user info edit post |
is this about the HSBC scandal?
11/18/2013 2:18:50 AM |
marko Tom Joad 72828 Posts user info edit post |
Anger at big banks still apparent via social media 11/18/2013 4:29:12 PM |