It shows the mega bankers, Wall Street, own both parties. that's why no matter who is in office they let the Federal Reserve print up more and more money. Both parties spend and spend, they just spend it on different things. Both parties get a lot of campaign money from Wall Street and they both work for the bankers. This is what Ron Paul is talking about.So I'm wondering if President Obama is regretting his earlier statement to the women of the View?
ABC News: "Obama: JPMorgan Is ‘One of the Best-Managed Banks’"
QUOTE: "Just hours after a top JPMorgan Chase executive retired in the wake of a stunning $2 billion trading loss, President Obama told the hosts of ABC’s “The View” that the bank’s risky bets exemplified the need for Wall Street reform.
“JPMorgan is one of the best-managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got..." :END QUOTE
Read More Here: http://abcnews.go.com/blogs/politics/2012/05/...
Especially after an article from Reuters reads: Reuters: "FBI launches JPMorgan probe, shareholders back Dimon"
To me there is a little difference in a financial institution taking in a “risky investment” with it’s own money, and a formerly distressed bank that has been categorized as “too big to fail”, who had to be previously ‘bailed out’ with $25,000,000,000 of taxpayer money, taking the SAME TYPE of “risk”, that got them into trouble last time.
Some might call it “risk”– I call it “greed”.
Rolling the dice on a risky venture was all well and good when the only thing at risk was the bank and investors capital…
But we now live in the; “too big to fail” era, thanks to the government.
If one of these so categorized industries goes down, they could take a sizable chunk of the national economy with them… again.
In my opinion, Obama AND Romney, have it wrong ~
Bush ran up 5 trillion of debt using the Federal Reserve to do the Repubs' oil wars policies, Obama uses the Federal Reserve and runs up 5 trillion dollars of debt to feed the state employee unions and to give out more welfare. Like Ron Paul says "end the welfare/warfare state." As long as each party has it's groups that it runs up trillions of debt for, the country goes under from the debt.