Monday, October 21, 2013

Something to Know - 21 October

1.  Remember the previous crisis (the one before the government shutdown)...or where there others before that...??.   Anyway speaking to the issue of the Wall Street manipulation of junk stuffed into prime investments that caused a near fatal economic disaster....well, it was fatal for many.   The US Justice Department kept at the real issue, and kept on pursuing criminal behavior and came up with this deal that nailed JP Morgan for $13 Billion.  It does sound like a lot, but it is only half of what that organization made in profit last year.  Not nearly the sting and hurt that caused thousands and thousand of investors and home buyers to find ruins in their wallets.  Still, it is a move by big government against the big banks who are supposedly immune to failure.  What I particularly like, it is not exactly a deal that JP Morgan accepted to buy freedom for their dishonest execs.  The Justice Department is still free to bring criminal charges, if they can prove them:

2. Libertarians love to rant about having government get out of our lives.  There is a good reason why they are not wielding any elected power.  This case in point regarding our health and the food we buy and eat is an excellent example why:,0,2601984,print.story

You can fool some of the people all the time, and those are the ones you want to concentrate on.
-- George W. Bush

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