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August 22, 2012

JPM Dimon Gets $23 Million, Losing Money While Jiang Jianqing at ICBC Gets $308,000, Most Profitable Bank

11 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

JP Morgan, because he can, gets $23 Million for mismanaging a bank with fake assets and losing money hand over foot, while the head of the most profitable bank in the world gets paid $308,000. That means Dimon makes 70 times what a good bank manager makes. The worse you get, the more you get …

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FDIC ($677.4 Billion) Charges Banks With Fraud, Illegal Underwriting Practices

57 Comments / CDO, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

Has Obama Awakened? Appraisal Fraud Alleged by this Blog is found to be Centerpiece of this Action Editor’s Note: The FDIC claims it studied a rough sampling of the securitized loans and alleges more than 60% of the loans packed into each deal contain material untrue or misleading statements. In a resounding acceptance of the …

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