JP Morgan Chase Donates $4.6 Million To NYPD On Eve Of Protests
Wondering how much it costs to buy off the police department? JP Morgan Chase just gave the New York City Police Foundation the largest donation in its history. How the police show their gratitude will presumably determine whether they receive similar donations from companies in the future. Via Naked Capitalism:
No matter how you look at this development, it does not smell right. From JP Morgan’s website, hat tip Lisa Epstein:
JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD’s main data center.
New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing “profound gratitude”…
And Now: The Homily from Brother Dimon … U.S. Debt Default Would Be A ‘Moral Disaster’
It’s 21st May: If you’re reading this, you’re in Hell; welfare Queen JP Morgan Chase’s CEO, Jamie Dimon provides today’s post-rapture homily via the AP/Huffington Post:
It would be a “moral disaster” if the United States were to default on its debts and become unable to pay its obligations, JPMorgan Chase & Co. CEO Jamie Dimon said at an appearance in Colorado Thursday evening.
The U.S. is the financial linchpin of the world, and the economic effects of the U.S. defaulting could be “potentially catastrophic,” he said at a dinner for the University of Colorado Denver Business School.
“It will dwarf Lehman,” Dimon said, referring to the 2008 collapse of the investment bank Lehman Brothers, which contributed to the beginning of a global financial crisis.
Dimon’s comments came in response to a question about the federal deficit from moderator Tom Petrie, a vice chairman of Bank of America Merrill Lynch.
Congress is debating raising the country’s…
Silver Manipulation By JP Morgan And U.S. Fed?
In yesterday’s New York Times, William D. Cohan refines what was once a confusing and fringe theory about JP Morgan and HSBC’s involvement in silver market manipulation into a very plausible scenario, tying in the cloak and dagger elements of the story with the currently unfolding class action lawsuits in several states.
Once again, the Xtranormal.com platform is being put to good use to elucidate exactly what’s happening:
Each segment has information that I found useful, especially the fact that there is actually no physical silver left in circulation — nice touch. Part II is here and part III available here.
Part IV is here, and after the creators accidentally deleting the original voices, the bear in the overalls is now sounding strangely like John Lennon.
Another source of information and a more detailed breakdown on basic market manipulation and arbitrage is available here. The site that appears to be the sponsor/creators of the Xtranormal videos silvergoldsilver.blogspot.com is less clear, but has information as well…
Can JP Morgan Really Be ‘Crashed’ By Buying Silver?
Max Keiser, financial analyst and host of RT’s Keiser Report, and Texas radio host Alex Jones are telling their listeners and fans to buy silver. Ostensibly the reason is to destroy the value of the JP Morgan bank. The cynic in me wonders if Alex and Max have an existing position in silver that they’d like to see increase in value. Anyone have any real insight?
According to Keiser, the goal of the “Crash JP Morgan – Buy Silver!” campaign is to force JP Morgan to cover its negative bets…
Rev. Billy Talen Arrested After Placing ‘Holy Hex’ On JPMorgan Chase on Easter Sunday
Rev. Billy & the Mountaintop Gospel Choir bring the mountains back to a Chase bank in the East Village, NYC.
Adam Klasfeld writes on the Courthouse News Service:
The self-ordained Rev. Billy Talen was arrested on Easter Sunday after putting a “holy hex” on JPMorgan Chase bank, which he calls the nation’s largest financier of coal-mining mountaintop removal.
The former New York City mayoral candidate and his green-robed chorus put the hex on two bank branches, saying Morgan Chase has helped destroy more than 450 Appalachian mountains, deforested 800 square miles and polluted more than 1,200 miles of streams.
Rev. Billy led his Life After Shopping Gospel Choir to two East Village Chase branches, where the singers “deposited” mounds of “sacred dirt from Coal River Mountain, West Virginia” on the floors of ATM lobbies.
At the branch on St. Marks Place and 2nd Avenue, the choir performed a “mystery channeling of money” as bank customers withdrew…
Chase Bank Rigs Online Fundraising Contest?
More shenanigans from our beloved mega-banks, concerning this Facebook contest :
via the NY Times
JPMorgan Chase & Company is coming under fire for the way it conducted an online contest to award millions of dollars to 100 charities.
At least three nonprofit groups — Students for Sensible Drug Policy, the Marijuana Policy Project and an anti-abortion group, Justice for All— say they believe that Chase disqualified them over concerns about associating its name with their missions.
The groups say that until Chase made changes to the contest, they appeared to be among the top 100 vote-getters.
“They never gave us any indication that there was any problem with our organization qualifying,” said Micah Daigle, executive director of Students for Sensible Drug Policy. “Now they’re completely stonewalling me.”
Three days before the contest ended, Chase stopped giving participants access to voting information, and it has not made public the vote tallies of the winners.
“This is a problem of accountability,” said David Lee, executive director of Justice for All. “Simply publish the votes and let us see that the 100 organizations named as winners won.”
Silver, But No Silver Lining
By Robert Singer
The end of our consumer society is on the horizon, which should be no surprise to anyone who took Economics 101. Do we really expect to spend our way out of this mess by buying and selling each other useless cheap stuff from China?
As the financial collapse gathers steam, gold and silver oracles like Butler, Friedman, Morgan and Turk who have been predicting for years the launch of the price of silver to the moon will see their prophecy fulfilled, but a celebration is not in order.
Being wealthy during the last 60 years of unprecedented prosperity at the expense of the Third World and the environment is one thing, but profiting from a bull market in silver when millions of hungry Americans are living in tent-cities next door is quite another.
A default at the Comex that will ignite the explosion in the price of silver and gold is…
