Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!

Keep in mind that usually the people who are cut EARLY are for a reason... maybe they struck a deal with Dimon to keep their mouths shut (with a nice severance) when the tanking happens.....

asshole

Dude, these three executives were in all probability FIRED. "Resigned" is a parachute term for high dollar white collar executives.

Common sense would tell you that Dimon would make heads roll over all of this.

These are just fall guys. JP Morgan will be fine.

Dude, do you really think Dimon had no idea what is going on? These guys are just bailing ship

Watch the major airports and harbors for a sudden exodus of executive jets and luxury yachts.

Dude, have you ever held a job in Corporate America?

These aren't "rats leaving a sinking ship," hoss. These folks were F I R E D.

/thread

Source?

So take that and triple it....at least.

I don't have time to waste on your ignorant self.

Really ^ how much did it cost their clients??????? Thats irrelevant thought right? Thats what clients are there for....to pilage from, what a jacked industry, their collective karma is one giant black hole that they will likely never escape from, hope it was worth it folks. See ya!

Last Edited by Isis One on 05/13/2012 05:50 PM

""
Na, it's a common practice, Banks of that caliber do NOT accept loses. This is normal
""

Let me rephrase that for you...

Na, it's Standard Operating Procedure. Thieves stealing large sums of money are usually covered up and concealed with "Creative Book-keeping", when the cover-up becomes untenable, the thieves are given substantial separation packages, bonuses, and vacations. They will change their names and return in a couple of years with a whole new manufactured identity.

I think that sort of fixes it for you?

But, but but - THEY ARE TOO BIG TO FAIL !!!!!! (throwing wads of cash at them)

Canned food and shot guns would be my investment tip.

Don't forget about this....

Problem is bigger than anyone probably knows.

Thread: 21 Billion Dollar JPM Derivatives Default - Counterparty? WATCH MONDAY'S MAY 14TH'S FIREWORKS.

Thanks reading now

Something really stinks in the ivory tower.

Poor communication is common today. They'll start their own gang of thieves.

Futures are fine,no doom

[link to www.sgxniftydowfutureslive.com]

1 star

^^^^^^^^^^^^^^^THIS^^^^^^^^^^^^^^^^^^^

May this follow them into eternity.

I can understand why you would think that; however, you are wrong. Having worked in risk management before, I understand what steps are taken when an orgs risk tolerance model is broken (or not followed) and the first thing is to have the RM Manager/Director/VP out of that position. They may call it different things, "following new career options", but they are really fired.

Think of it this way - you have one job, and that job is to check the quality of chairs before they leave your company. If you suddenly allow defective chairs to get out, costing your company billions of dollars, would you be still employed checking the quality of chairs or would there be someone else in our position?

They just gonna unload their stock before it is worth zilch.

If they did it while they were still there, they'd probably run afoul of insider trading laws, not that you see many being prosecuted for it.

They're worth more unemployed if they can unload the stock in time.

Dimon prolly got so much cash salted away unrecorded, he don't give a shit. He's a limelight moth to a flame without much to lose.

I imagine those poor execs are gonna have to sign up for food stamps and live in some relatives basement. I hope those hapless creatures at least get an old TV to watch MSM on.
I'm sure they will be diligent in their job search and cheerfully take on any menial min wage job offered too them. It ain't easy but I know these people of character and dignity will flawlessly perform in their new lifestyle.

I watched a short clip by Warren Pollack who used to be a vice president for a Walstreet firm. He says the rumors of bankruptcy lawyers headed for Walstreet over this JPM thing are true. Sounds like he'll soon make a video about it soon. Stay tuned....

These people of character and dignity will no doubt become high paid consultants to the u.s. treasury or the federal reserve because they extra sharp and honest...