MercoPress. South Atlantic News Agency
JP Morgan faces record 13 billion dollars fine for mortgage-backed securities
US banking giant JP Morgan is set for a record 13 billion dollars fine to settle investigations into its mortgage-backed securities, US media reports have said. A tentative deal is believed to have been reached in talks with senior US Justice Department officials. Read full article
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Disclaimer & comment rulesYes, these bastards did more to destabilise the world than ever Hitler did and I wonder how many suicides there were due to them?
Oct 23rd, 2013 - 07:41 pm - Link - Report abuse 0I doubt if they even agree with the verdict but are trying to “get back in the saddle”. Hope the horse (the customers) kicks them in the bollocks.
Of course, those of us who lost in 6 digits see shit.
Oct 23rd, 2013 - 08:10 pm - Link - Report abuse 02 Captain Poppy
Oct 23rd, 2013 - 09:21 pm - Link - Report abuse 0Well over half way to a million US $ for me.
And am I furious and want to castrate the “dealers” including the British ones who peddled this crap and not forgetting the Cunt Brown who made matters much worse bailing out the UK banks? Of course I am.
Well, the lawyers seem to making out alright. We were lucky in Australia - our then Treasurer, Peter Costello, forbade our banks from creating a sub-prime market here. It meant that Australian banks' exposure was much more limited than U.S. and European lending institutions. Thank God.
Oct 24th, 2013 - 05:20 am - Link - Report abuse 0Not that our banks are any smarter than the others - without that warning they would've happily dived in and Australia would've been faced with the same dilemma as Brown, Bush and then Obama had to confront: to bail or not bail.
I lost enough that my mid 50's retirement is a subtle thought of days gone by. Not just Morgan.....but also with the help of BoA and Lynch, real estate values....etc..etc. I keep getting notices for inclusion of various class actions, in with the scumbag, flesh eating lawyers always manage to get millions and millions.........and the millions in the class usually get to sure a settlement of a few millions. The 5 and 10 dollar checks go a long way. My favorite lawyers are the ones without a need for oxygen. With all the damn shootings in the USA, I've never figured out why one has not happened at a court yet?
Oct 24th, 2013 - 09:16 am - Link - Report abuse 0@5
Oct 24th, 2013 - 01:58 pm - Link - Report abuse 0Re: you're last sentence, courtrooms have excellent security (especially I would've thought, in the U.S.A. ) - metal detectors etc... If you really wanted to kill a lot of lawyers you'd need an RPG at the very least.
Come to think of it there's never been a mass killing at a country club either. You might be onto something there.
Well.....I was not actually suggesting to do that, just merely expressing my frustration and hatred of the profession. But considering the number of American's screwed over by lawyers.....one is surprised it has not taken place. But there yes one incident a few years back where the guy opened up just outside of a busy courtroom and he did take out his ex wife's divorce lawyer.....kudo's I say.
Oct 24th, 2013 - 05:57 pm - Link - Report abuse 0And yes.......getting into a court room is going through a lot of hoops.
Yeah, I know you weren't serious, it's just hard to resist a poke at lawyers. Until you need one of course...
Oct 25th, 2013 - 04:36 am - Link - Report abuse 0lol of course....and there are great ones out there. Only not the majority that represent their profession. They advertise on TV in the US.
Oct 25th, 2013 - 09:08 am - Link - Report abuse 0Have you been injured in an accident?
Did you take this drug?
Do you have this implant in you?
Did a loved one die from XXX?
I can get you money.
SCUMBAGS hey are. Ambulance chasing scumbags.
@9
Oct 25th, 2013 - 12:34 pm - Link - Report abuse 0After a lawyer awoke from surgery, he asked the nurse, “why are the blinds drawn?” The nurse replied, “There's a fire across the street and we didn't want you to think you had died”.
Love it .....lol
Oct 25th, 2013 - 12:49 pm - Link - Report abuse 0If you are stranded on a desert island with Adolph Hitler, Atilla the Hun, and a lawyer, and you have a gun with only two bullets, what do you do?
Shoot the lawyer twice.
Lol.
Oct 25th, 2013 - 12:56 pm - Link - Report abuse 0Commenting for this story is now closed.
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