You can't make this stuff up

[wgrr]

J.P. Morgan's risk advisers were grossly under qualified, and there are only THREE on the board.

It is truly disgusting that JP Morgan did not have thousands of employee's managing risk assessment for the huge bank. It is time to bust these assholes up.

http://www.bloomberg.com/news/2012-0...aig-board.html

[BlueStreak]

Yep, time for the heavy handed federal government to do it's job. Too bad it probably won't.

[bobabode]

Standard starve the beast philosophy carried out in the public sector.

We really need to start tossing some of the more despicable characters either in jail or out a window. Partially kidding on that last sentence.

It does bring to mind an old urban legend.
Legend has it that those Wall St. hot shots that suicided out of their offices back in the crash of '29 had help.

[Oerets]

I'm all for sending the guilty to jail. But am wise enough to know the guilty never pay as long as they have money to pay the piper.



Barney

[bobabode]

Originally Posted by Oerets

I'm all for sending the guilty to jail. But am wise enough to know the guilty never pay as long as they have money to pay the piper.



Barney

A nice fat black mark on their record would be nice, though. Along with a lifetime ban from the marketplace is an appropriate response and a message to the rest of 'em but like you guys I ain't holding my breath waiting for that outcome.
Hell, they haven't even begun to fix what was done by the elimination of Glass Steagal. It's still the wild, wild west in our markets if the news about JPMorgan and Fuckface book is considered.Sorry for the expletive but it seemed appropo.

[BlueStreak]

Originally Posted by bobabode

Standard starve the beast philosophy carried out in the public sector.

We really need to start tossing some of the more despicable characters either in jail or out a window. Partially kidding on that last sentence.

It does bring to mind an old urban legend.
Legend has it that those Wall St. hot shots that suicided out of their offices back in the crash of '29 had help.

So, you really don't want to see any of them go to jail?

[merrylander]

Jail or defenestrated, either one works for me.

[bobabode]

Originally Posted by BlueStreak

So, you really don't want to see any of them go to jail?

What I was sayin' was that I approve of jailtime and not throwing them out the nearest window.It's far too brief of a sentence to drop kick those bastards out of a window an' I wants the money back.

[Oerets]

Besides time in a real jail I'm all for getting some of the funds back from them. That is the only thing I see they want so go after it too!

Why should I continue to pay for their greed?


Barney

[bobabode]

Besides occupying Wall st. I think our troops need some R & R. We should set our sights on the Caymans and any other offshore haven cause it's always money that is the terrorists most terrible weapon.