JPMorgan Chase Stock Holders
Lets say you own a BUNCH of JPMorgan Chase stock. JPMorgan Chase lost approx $9 billion with that overseas trading debacle which hurt your stock and reduced the dividend to share holders.
So what is the governments response?
Not a single person is punished... BUT the company has agreed to pay $920 million to the "government" to settle? ABC News
WHICH MEANS THE SHARE HOLDERS GET HAMMERED A SECOND TIME?
Is this really how things work?
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Update - October 21, 2013
The Department of Justice and JP Morgan agree to a $13 billion settlement and shareholders get hammered yet again! At the lowest point of the recession The Federal Government strong arms JP Morgan to buy Bear Stears & Washington Mutual. Turns out those company's problems and miss steps and included illegal activity which no become the problem of JP Morgan (who didn't want them in the first place) which results in one of the largest fines in history.?
We are not holding the people who caused the problems responsible... It's the shareholders who are taking it in the shorts! Welcome to the new world order. What the hell is wrong with this country?
