"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
FBI Opens Inquiry into JPMorgan Chase's Trading Loss
Submitted by Emerson13 on Wed, 2012-05-16 00:00
"The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses."
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Comments
Nobody wants to blame predators of state or fiat "money".
It's that evil free market that's to blame. Yes, sir ree bob!
FBI to the rescue!
Shades of wolves coming to rescue of sheep. And the people cheer!
http://www.thedailybell.com/3894/Time-Magazine-Fed-is-Responsible-for-th...
Sam
Then along comes Ron Paul with a lament to "...return to sound money..." (in the hands of state predators, of course).
At least Dr Paul prescribes "free market money" -- having no law banning each or any of us to print "money" as long as the free market will accept it. Fat chance of that getting through congressional type barriers to free marketing.
Sam