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JP Morgan ,Chase

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  • William
    The loss is at 2 billion dollars. JP Morgan ,under James Dimon, admits poor risk management and sloppy business practicses and the losses will go higher. Now
    Message 1 of 1 , May 11, 2012
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      The loss is at 2 billion dollars. JP Morgan ,under James Dimon, admits poor risk management and sloppy business practicses and the losses will go higher. Now Mr. Dimon has been one of the too big to fail banks and Ins companies that are strenuously opposing federal regulation. They lose huge amounts of other peoples money pulling down 401 K retirement funds and with the egg on their face still wet do the same thing over and over again.
      Mr. Dimon needs to be fired and the congress needs to do its duty and pass regulation to control these overly risky deals. This relates to the world economy and these deals are not in the public interest. The bankers and insurance CEO`s make these huge bets but when they lose they just tell their investors to suck it up . They do not pay back or resign, they just do it again. They consider themselves financial genius and too big to fail. Such arrogance that so hurts so many people screams for regulation. Our legislators have too many campaign dollars paid in from these institutions. Those legislators who refuse to do their jobs and regulate these business men need to be called home and new legislators sent to Washington. This is basic fairness in making the world monitary systems work. Just ignoring it begs world depression and tragedy. Bill
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