JPMorgan agrees to pay $410,000,000.00

[davest]

over pricing claims that it rigged electricity prices. The FERC said it found improper trading practices at JPMorgan Ventures Energy Corp of Houston TX.


The bank did not admit nor deny the charges. It did not go to jail either even though corporations are people my friends.

meanwhile, back at the ranch.


Brandon D Anderson will be serving 3 years behind bars and repaying $29,400.00 for wire fraud and aggravated identity theft for fraudulently collecting that amount from the BP oil pay out fund. He did not work at the place he said he did, nor did he use his own social security number.


Anyone want to guess how much JPM collected in order to make a $410 Million dollar settlement a part of doing business?

 

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[jeff of pa]

I saw this last week

[h=1]JPMorgan to quit physical commodity trade amid scrutiny[/h]
(Reuters) - JP Morgan Chase & Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of raw materials comes under intense political and regulatory pressure. Wall Street's biggest bank said an "internal review" had concluded it should pursue "strategic alternatives" for its physical commodities operations, which includes assets like its Henry Bath metals warehousing subsidiary and a vast global team trading everything from African crude to Canadian natural gas.
JPMorgan to quit physical commodity trade amid scrutiny | Reuters

 

[pong12211]

Wow that's a pile of money... Absolutley disgusting that this is allowed to go on in this country..

 

[Jim in Idaho]

over pricing claims that it rigged electricity prices. The FERC said it found improper trading practices at JPMorgan Ventures Energy Corp of Houston TX.


The bank did not admit nor deny the charges. It did not go to jail either even though corporations are people my friends.

meanwhile, back at the ranch.


Brandon D Anderson will be serving 3 years behind bars and repaying $29,400.00 for wire fraud and aggravated identity theft for fraudulently collecting that amount from the BP oil pay out fund. He did not work at the place he said he did, nor did he use his own social security number.


Anyone want to guess how much JPM collected in order to make a $410 Million dollar settlement a part of doing business?

What burns my behind is why aren't the people responsible going to jail..screw the fine...it means nothing..they're simply spending the shareholder's money. The only way to put s top to this crap is send somebody to prison for a few years.
Jim