DesideriScuri
Posts: 12225
Joined: 1/18/2012 Status: offline
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quote:
ORIGINAL: SternSkipper Well now back to our topic... Christian Science Monitor reports among other things the JPM shareholders are now filing lots of suits. http://www.csmonitor.com/USA/Politics/2012/0516/JPMorgan-Chase-trading-fiasco-What-to-do-about-big-banks Good! And this is one of those "consequences" that companies who make bad decisions should experience. This is what I'm talking about. If they make a bad bet, that's one thing, but the plaintiffs are suing on the grounds of not being told the truth, aka fraud. And, if JPM is found guilty of fraudulent activity, they should pay the resulting price. But, if it turns out that JPM did not misinform and made a risky bet that went south, well, that's the fire investors play with. I'm not exonerating JPM, nor am I pronouncing them guilty. That's what we have a judicial system for. This applies to both the investors, and JPM: "If you can't stand the heat, stay out of the kitchen."
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What I support: - A Conservative interpretation of the US Constitution
- Personal Responsibility
- Help for the truly needy
- Limited Government
- Consumption Tax (non-profit charities and food exempt)
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