JPMorgan Chase – first bank takedown by Obama? $13 Billion fine


One of the little reported stories that is a really big deal is the recent proposed $13 Billion settlement with JP Morgan/Chase. Just as the IRS targeted those who would interfere with the regime’s forward march, this bank has felt the long fingers of Eric Holder’s Justice Department. Why should we care? Because for Obama to achieve his final objectives, he must take over the banking system. While complaining and trying to demonstrate the evilness of the banking system, Obama is complicit in their consolidation.

Here is a prime example. All the stories that I find give rave reviews for the hit given out by the Justice Department. After all, didn’t they cause the financial meltdown in 2008? But wait, I was lucky enough to watch Fox News give a very different take on what is going down. First, let’s see what happened when they dared to criticize Obama. Yes, they can absorb the fines, but the lesson has been given. Why $13 Billion? Why not $100 Billion? Later the interview:

Here’s a list of what the fines and settlements have cost JPMorgan Chase to date in the fallout of the 2008 financial crisis, not including the tentative settlement reached with the Justice Department Saturday of $13 billion

Oct. 2013: $100 million.

Sept. 2013: $920 million

Sept. 2013: $389 million

July 2013: $410 million

January 2013 and Feb. 2012: $1.8 billion

November 2012: $296.9 million

August 2012: $1.2 billion

April 2012: $20 million

August 2011: $88.3 million

July 2011: $228 million

June 2011: $153.6 million

April 2011: $56 million

June 2010: $48.6 million

Breakdown of fines over at USA Today. Interview on Fox with Charles Gasparino

15 Responses to “JPMorgan Chase – first bank takedown by Obama? $13 Billion fine”

  1. Holder fines bank $9 Billion, guess where the fine money goes? | BUNKERVILLE | God, Guns and Guts Comrades! Says:

    […] little reported story rang a bell, and I headed in time: Recall JPMorgan Chase – first bank takedown by Obama? $13 Billion fine posted October 22, 2013? Want to know where the money went? Yepper, Acorn like groupies. But this […]

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  2. Eric Holder’s Kickbacks from JP Morgan- Billions go to his crony groups | BUNKERVILLE | God, Guns and Guts Comrades! Says:

    […] little reported story rang a bell, and I headed into my way-back machine. Recall JPMorgan Chase – first bank takedown by Obama? $13 Billion fine posted October 22, 2013? Want to know where the money went? Yepper, Acorn like groupies. But this […]

    Like

  3. rjjrdq Says:

    JP got a $25 billion bailout and another $30 billion from the government to buy Bear Stearns. A little wealth redistribution as payback here? Is anyone tracking where that $13 b is going? Turns out the American people bankrolled the bailouts, the buyouts, the fines and everything else.

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  4. Petermc3 Says:

    In response to your 10:57 comment Bunker, I could tell the most heartbreaking stories of people losing everything as a result of the government giving a wink and a nod to the banks in their efforts to comply with the governments mandate to loan money to those with no hope of ever paying it back; better known as CRA. It’s a mad mad mad mad world. What we should be waiting to witness is if the banks will stand together, fight back and dethrone the tyrant. I for one wouldn’t count on it. As a last resort he’s got the art of polarization down to a science. Divide and conquer…

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  5. Conservatives on Fire Says:

    Maybe Holder is only trying to improve his image.

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    • bunkerville Says:

      Image? What image. They are all a band of thieves.🙂

      Like

  6. Petermc3 Says:

    Having worked for JP Morgan Chase from 2007-2009 I can’t help but smile at all this crap. Keep in mind Jamie Dimon, while earning bazillions of dollars and penny pinching the rest of us, was sucking toes with Obama back then. Whatever Dimon did to piss off the great one is now revisiting JPM. I am a capitalist pig proponent of the free market as much as the next gut but watching the big guys impervious to the plight of the everyday employee squirm is indeed a treat. Sorry people…

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    • bunkerville Says:

      There are no good guys in this. But does anyone think the collapse of the banking system is not just s stone’s throw away??

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      • Petermc3 Says:

        This action will just lead to more carrot and the stick action by Obie One and Holder to remind the bankers who is in charge. I don’t believe its to his benefit to cause or allow a collapse just yet. This whole charade is a sidebar to scaring the shit out all of us with Obamascare. He is having too much fun poking us with this so for now OC will remain the focus of his ongoing quest to punish the people. Just my opinion.

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      • bunkerville Says:

        Good point. Like a cat and his mouse. More fun to toy with us the sadistic you know what. You must have some great stories working for the great man Jamie.

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  7. Angel Says:

    we are steadily becoming weaker and weaker on all fronts my friend…sheesh……………

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    • bunkerville Says:

      True indeed.

      Like

  8. JPMorgan Chase – first bank takedown by Obama? $13 Billion fine | 4frespeech Says:

    […] JPMorgan Chase – first bank takedown by Obama? $13 Billion fine. […]

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  9. AKA John Galt Says:

    Reblogged this on U.S. Constitutional Free Press.

    Like

    • bunkerville Says:

      Thanks for the link.

      Like


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