tag:blogger.com,1999:blog-974773076690597683.post2928496994322861752..comments2024-03-28T16:08:29.578-04:00Comments on Sardonicky: Democracy HypocrisyKaren Garciahttp://www.blogger.com/profile/15612731479365562803noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-974773076690597683.post-85684543543524816042013-11-26T21:28:34.671-05:002013-11-26T21:28:34.671-05:00That $13 billion fine that JP Morgan Chase just pa...That $13 billion fine that JP Morgan Chase just paid is oh so fine with its stockholders. According to today's HuffPost, rising share prices have restored over $7 billion and a total recoup is expected in a week. And we peons know how the IRS will "treat" that fine: most likely as a cost of doing business and thus a total tax write-off. Yep, that's my "deduction"...4Runnerhttps://www.blogger.com/profile/02582762546159637023noreply@blogger.comtag:blogger.com,1999:blog-974773076690597683.post-52185412156777687972013-11-26T18:46:06.454-05:002013-11-26T18:46:06.454-05:00“When Wall Street financiers rob the country blind...“When Wall Street financiers rob the country blind, they pay their paltry fines with more bailout money robbed from the same people they already victimized.”<br /><br />Mortgage-backed securities full of dead air brought about the First (2008) Great Recession, but none of the Wall Street crooks got sent to jail. “So, hell, why not do it again?” the crooks must be thinking. <br /><br />And so they have been thinking and acting, this time gambling with the apartment complexes of renters and the same housing foreclosed in the First Great Recession. The rent scheme and re-sale practices copy the same oppsie-illegalities of the previous get-rich-quick crimes by banks too big to be jailed. As sure as 2+2=4, the new deals are sure to bring on a Second Great Recession or, even better, a Second Great Depression.<br /><br />Laura Gottesdiener describes the latest securitization scheme here:<br />http://www.tomdispatch.com/post/175777/tomdispatch%3A_laura_gottesdiener%2C_wall_street%27s_rental_empire/Jay–Ottawahttps://www.blogger.com/profile/10360356126450612113noreply@blogger.com