PES Insider Alert
- 11-20-2013, 06:52 AM
- 11-20-2013, 07:47 AM
PB cookie dough is not crazy, but would be epic. Just sayin.
11-20-2013, 07:49 AM
11-20-2013, 07:52 AM
11-20-2013, 07:55 AM
11-20-2013, 09:57 AM
Man walking dog finds bills worth $100,000 floating down UK river
11-20-2013, 10:56 AM
11-20-2013, 11:21 AM
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11-20-2013, 11:37 AM
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11-20-2013, 12:20 PM
11-20-2013, 12:31 PM
11-20-2013, 12:32 PM
11-20-2013, 12:38 PM
11-20-2013, 01:09 PM
But real quick lol. The TARP fund paid well over 25 Billion to AIG, which dumped a bunch of that in JPM. So the taxpayers are still footing the bill, not JPM.
Also the settlement was 13 Billion dollars, with 4 billion going to homeowners that were affected, hmmm where does the other 9 go?
11-20-2013, 01:26 PM
I don't know why people still think that the TARP fund money is still an outstanding balance or something and that the government was just giving away money willy nilly. The cash injection was necessary to prevent a massive domino effect where the entire economy would have just stopped dead in it's track. Granted, the banks didn't recirculate the money as the Feds intended them to, and in actuality, the banks actually just sat on the money. Heck, many of the banks did not actually need the injection but to prevent further stock market meltdown, a public image needed to be created that the Feds are essentially insuring all major banks (if the public image was that the banks were going to all come toppling down, that would drive the public to start withdrawing funds en mass which of course will lead to a complete stop in credits disbursements and effectively bankrupting the banks immediately, people whom have checking and saving accounts will lose their money pretty much instantaneously since the banks would not have been able to have enough cash on hand to disburse all the withdrawals, companies will completely stop functioning as their accounts will effectively be frozen).
I'm not saying that the banks were all roses and cotton candy or what not, but the government had to do what the government had to do and this was an issue that was in actuality a global issue as much of the world is tied back into the US financial system. However, having JPMC settle yesterday AND admit fault, that's a HUGE step in shedding light on some transparency as well as providing some accountability.
Political talk over :P We can keep the rest to PM's if you wish, I've always found the topic interesting :P
11-20-2013, 01:37 PM
Oh gosh, please not politics lol.
PEScience Representativehttp://www.pescience.com/insiderInstagram: kylebayne23
11-20-2013, 01:44 PM
PEScience Representative; Use the code Driven for 30% off at pescience.com
11-20-2013, 01:45 PM
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