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#1: Pinguinite    To: Horse (#0)

I'm sure the money is not going to be paid to all those who actually lost money to JPM as a result of their manipulation and theft. It instead just goes to political treasuries.

And of course, the payment doesn't come close to putting a dent in how much they made. Just the cost of doing business.

Pinguinite posted on 2020-09-23 15:18:30   Reply   Private Reply

#2: StraitGate    To: Pinguinite (#1)

Just the cost of doing business.

That's right. As of June 30 their balance sheet listed assets of $3,213.115 billion, so that $1 billion settlement probably won't put them out of business.

StraitGate posted on 2020-09-23 20:59:50   Reply   Private Reply