Saturday, May 12, 2012

JP Morgan Chase hit by $2 billion derivatives loss - IT PAYS TO BE ONE OF OBAMA'S CRIMINAL BANKSTER DONORS!

JP Morgan Chase hit by $2 billion derivatives loss


The crisis in JP Morgan Chase demonstrates the rubber-stamp character of the ongoing regulatory efforts by the Federal Reserve and the Obama administration. Only two months ago, the Federal Reserve completed a “stress test” of the 19 largest US banks, which gave all of them a green light in terms of solvency, and approved increased dividends or stock buybacks for 15 of the 19 banks.

JP Morgan Chase then declared a dividend of 30 cents per share, up from 25 cents last year, and announced a $15 billion stock buyback, driving up its share price by 7 percent in a single day.

The total payout to bank shareholders and investors, based on the announcements from all 15 banks, comes to $32 billion over the next year.

No comments: