Dimon didn’t disclose this “paltry” 2B investor loss because he was ethical.
Three Top Executives didn’t resign on account of a 2B loss.
Dimon disclosed and those three resigned to try and get ahead of the impending “disaster” (Dimon’s words)!
http://www.bloomberg.com/news/2012-05-11/what-jamie-dimon-doesn-t-know-is-plain-scary.html
“It’s not often that a huge company calls an emergency teleconference on short notice to discuss an intra-quarter trading loss that’s equivalent to only 1 percent of shareholder equity. So when a Deutsche [...]
Ron Paul
Tuesday, December 20, 2011
The economic establishment in this country has come to the conclusion that it is not a matter of “if” the United States must intervene in the bailout of the euro, but simply a question of “when” and “how”. Newspaper articles and editorials are full of assertions that the breakup of the euro would result in a worldwide depression, and that economic assistance to Europe is the [...]
The economic establishment in this country has come to the conclusion that it is not a matter of “if” the United States must intervene in the bailout of the euro, but simply a question of “when” and “how”. Newspaper articles and editorials are full of assertions that the breakup of the euro would result in a worldwide depression, and that economic assistance to Europe is the only way to stave [...]
by SRSrocco
The world is about to peak in global silver production. This will not occur due to a lack of silver to mine, but rather as a result of the peaking of world energy resources, declining ore grades, and a falling Energy Returned On Invested – EROI. The information below will describe a future world that very few have forecasted and even less are prepared. [...]
The world is about to peak in global silver production. This will not occur due to a lack of silver to mine, but rather as a result of the peaking of world energy resources, declining ore grades, and a falling Energy Returned On Invested – EROI. The information below will describe a future world that very few have forecasted and even less are prepared. This is an update [...]
Preface to the 2011 Edition of The Corruption of Capitalism
[Now available on Kindle and NOOK]
From the early 1980s, debt-fuelled consumption in the United States drove global economic growth and facilitated the spread of globalization. Economic policy was formulated based upon the belief that markets are most efficient when left unregulated. Exchange rates floated, massive trade imbalances were ignored, and for three decades the world was [...]
“Then the dollar will collapse. Whereupon there will be a lot of jawboning by the President, and that won’t work. Then they’ll go to selling gold, and that won’t work either. Then they’ll have to go to capital controls, freeze foreign assets, stop any money from going in or out, and that will be the end of all the markets, that will really be the finish. Then you will see [...]
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