The heads reportedly rolling at JPMorgan (JPM) in the wake of the firm's $2B blunder are,...

This news story has 12 comments:

Register or Login to rate comments »

Summer Sea Comments (85)
 
This situation most likely has many more legs than reported. I can say this: Simple is best...if a bank gives a loan they should not be able to sell it or take out insurance against the loss of it. Are the executives at Chase smarter than fifth graders?? I would say probably not.
Those fortunate people at the top of our society including banks should recognize fair warning in my opinion. The people at the bottom and the middle class are being squeezed beyond what some can bare. They will rise up against those at the top; those that continue to play financial havoc, raise taxes etc. The best example of course, is the Roman Empire. We need a hybrid system of capitalism and socialism that brings the best of both systems front and center....and I hope president Obama can do it soon!!!
13 May 2012, 05:41 PM Reply Like

7footMoose Comments (2242)
 
Was your comment written by the NEA or a fifth grader?
13 May 2012, 08:14 PM Reply Like

Tack Comments (9269)
 
Nobody should be able to do anything, not even go to the bathroom, without Government approval and supervision. In that, you have Obama's full concurrence.
13 May 2012, 08:58 PM Reply Like

billddrummer Comments (1575)
 
The answer is yes to both. And that's the real tragedy.

I've been fortunate--my writing skills haven't been degraded at the hands of the NEA.

This discussion reminds me of a quote from Margaret Thatcher:

“The problem with socialism is that you eventually run out of other people's money. ”

Some people should be discouraged from typing.
13 May 2012, 10:39 PM Reply Like

TippingPoint Comments (117)
 
Quit whining and get a job. Think about the people who built this country and the risks they took starting a whole country from scratch. Desperate, motivated immigrants come to these shores everyday and make life for themselves. In many cases they don't even speak English and therefore can't post whiny blog entries on SeekingAlpha. If you keep going like this Summer Sea, you will probably be working for one of those immigrants---if you are lucky.
13 May 2012, 10:46 PM Reply Like

billddrummer Comments (1575)
 
I'm thinking that whining requires less effort than working.

That may be why so many people choose not to do it, but rather to collect benefits from the government.

And oh by the way, student loans at below-market rates qualify as benefits from the government.

So does subsidized housing, food stamps, rental assistance, surplus foodstuffs from USDA (cheese is phenomenal) and student bus fare.
13 May 2012, 10:49 PM Reply Like

Summer Sea Comments (85)
 
Sorry TippingPoint,
Have put in my 30 years and retired. Can you say the same???
14 May 2012, 09:46 AM Reply Like

7footMoose Comments (2242)
 
Retired, on a government pension I would guess.
14 May 2012, 01:00 PM Reply Like

Summer Sea Comments (85)
 
Certainly, just like ALL public school teachers.
15 May 2012, 09:49 AM Reply Like

7footMoose Comments (2242)
 
You can make the comments that you have when your retirement is being paid for by others who continue to work and your vote is being bought by politicians who are perpetually on the public dole. This should not be construed to mean that You have not contributed. This means that your perspective has been shaped by the actions of the likes of the NEA and politicians who do not care how your benefits are paid for only that you get more and more of them.
15 May 2012, 10:18 AM Reply Like

azblackbird Comments (358)
 
>>>The people at the bottom and the middle class are being squeezed beyond what some can bare. They will rise up against those at the top; those that continue to play financial havoc, raise taxes etc.<<<

Ya just can't help but love ignorant liberals. Their feeble little minds just won't let them quite grasp the idea of capitalism.

They don't realize that you could tax, steal or, confiscate all the so called 1%'ers wealth and assets, and within a generation, things would be right back to where they are now. Some people are just natural born entrepreneurs, and no matter what you do to them, they will always rise back to the top!

Here's an idea for all you whiny 99% 'ers... quit buying our crap and working for our companies! If we had no buyers or consumers of our products, or employees to make them, we'd have no businesses. No businesses, no money! Problem solved... everybody's now equal!
13 May 2012, 09:29 PM Reply Like

Summer Sea Comments (85)
 
Certainly a lot of comments on my response...Thinking beyond the industrial revolution is a good thing.
14 May 2012, 09:49 AM Reply Like