Chase Takes $2 Billion Dollar Loss On Bad Investment - Have they not learned ANYTHING?!!!

This just BURNS me up!

After only a matter of just a few years since our mortgage crises they are engaging in this kind of activity?

REALLY?!!

Do we have a vaccination for greed at our pharmacies?  If so, I think every single one of those executives responsible for this need to be rounded up like cattle and given a shot in the a$$ with the ANTI-GREED medication!!

HONESTLY!!

Enough is enough!!  We spent HOW MUCH of our hard-earned taxpayers money to bail them out?  For WHAT?

They're like crack addicts with who need to go to detox for the greed habit that they can't seem to kick.

 

 
This post has been included in California Real Estate News Los Angeles County, CA Real Estate News Studio City, CA Real Estate News
Post is included in group: "Whacked"!!!
Post is included in group: LA Connection
Post is included in group: EXPRESS WITH WORDS AT ACTIVERAIN
Post is included in group: Realtors®
Post is included in group: Club Chaos

12 Comments on Chase Takes $2 Billion Dollar Loss On Bad Investment - Have they not learned ANYTHING?!!!

MAY
19
2012
561,411 Points 12 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

When I read the title of this - I thought to myself that was my question when I first heard this news.  I think Chase and many more do not think fat is greasy!  or that hot grease don't burn ya!
8:14am • #1
535,983 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

They have the same worldview as teenagers, "bad things happen to others, not me".
8:14am • #2
1,422,767 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
It's so easy to gamble with someone's money...
8:23am • #3
177,110 Points Outside Blog

OK, OK, let's get it right.

First, It is JP Morgan Chase and JP Morgan really is the involved entity.

Second, the loss may turn into a profit. The deal is not closed out. It is like owning a home in 2009 and the price is down. In 2013 the price may be up.

Third. The on paper loss represents less the 2% of the assets they have on hand. 

Fourth, it was the banks money, not clients.

Weep not, the salary of the one person they let go was $15 million a year. She will recover. Perhaps, she needs to buy a new home. 
8:40am • #4
177,110 Points Outside Blog

One additional comment. It is being politicized, because the administration wants to pass more regulations. Think that is good? More government involvement?
8:41am • #5
481,124 Points 22 Featured Posts Outside Blog Called Shot Master

At the end of the day banks want to make money and they will do whatever, even some sleazy stuff to do it.  They gave mortgages out to anyone.  You could shave a gorilla and he would get a mortgage and then sold this crap as A loans.  We bail them out and now it's almost impossible to get a mortgage through.
11:46am • #6
578,616 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Ralph-

Banks are just......I don't even know what to say...other than, I've been switching all my money to credit unions.  Nice post.  My sentiments exactly.
3:18pm • #7
786,631 Points 85 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Erv,

I really can't possibly see how you can tie this being publicized because our government want to "control" us.

That is ridiculous.

The only ones doing the manipulation here are these greedy executives that allow the shareholders of this company to be put in a compromising position for "that little bit more" of a return on their investment that obviously took more risk.

THERE'S NOTHING WRONG WITH SLOW AND STEADY GROWTH!!  WHY GET GREEDY AND PUT EVERYONE AT RISK?!
8:31pm • #8
MAY
20
2012
275,890 Points 17 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

They did learn.  they learned that they are "too big to fail" and they learned that there are no consequences for risky behavior because the government will take care of them. It is not surprising that this happened....again.
5:30am • #9
207,933 Points 1 Featured Post Outside Blog Hit Router Attended Rain Camp Called Shot Master

Ralph - the hard part to understand is the "loss" was on a series of transactions ... not on the profit line of the Bank.  If they can absorb those kind of losses and still show a profit bottom line .... where are they making their money?  They are a major player in the foreclosure market, presuming that is a loss to them .... then that's a lot of NSF charges!
10:36am • #10
MAY
21
2012
230,369 Points 9 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

You really said what just about everyone is thinking.  These idiots never learn.  Of course now they will qualify to be politicians so they can really waste other peoples money. 
12:35am • #11
MAY
22
2012
160,156 Points 15 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I heard the actual loss is closer to 7-8 Billion... PRETTY CRAZY!
7:51pm • #12

Login or register to leave a comment