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kentuck

(115,283 posts)

13. If no one is watching...?

Reply to kentuck (Original post)

Tue May 15, 2012, 05:18 PM

May 2012

What would keep them from taking money out of 401K's and pensions, etc and then give themselves like a $32 million dollar bonus, as JP Morgan just did with one of the people they "let go"...

If no one is watching, how do we know they lost it in a hedge fund or if they simply put it in their pockets and wrote it off the books, at the expense of your 401K??

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$2 Billion Dollar "Blunder" or $2 Billion Dollar Robbery ? [View all] kentuck May 2012 OP

That is a point spinbaby May 2012 #1

I think JP Morgan has already been handing out big bonuses and parachutes... kentuck May 2012 #2

The counterparties are grinning from ear to ear. Lucky Luciano May 2012 #3

I'm sure it was a robbery. I'm also sure that no one will go to jail. russspeakeasy May 2012 #4

No one at the top anyway. bluerum May 2012 #5

They claim they were hedging against losses on bad European debt, PA Democrat May 2012 #6

no matter, onethatcares May 2012 #8

Yep, it's gambling with other people's money PA Democrat May 2012 #9

...and therein lies the rub... Lucky Luciano May 2012 #11

i'm not sure we'll ever see more details. spanone May 2012 #7

Probably not... kentuck May 2012 #10

It is mostly hedge funds on the other side of the trade. FarCenter May 2012 #12

Extremely doubtful. nt Lucky Luciano May 2012 #14

If no one is watching...? kentuck May 2012 #13