https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase imagine a too big to fail mega banking donor consistently being so corrupt and incompetent that they have been paying out penalties on average of about once per month for the last 2-3 decades
https://subsidytracker.goodjobsfirst.org/parent/jpmorgan-chase and still has been given multitudes of trillions of dollars in tax subsidies when accounting for current day inflation to artificially stay afloat (a zombie corporation with more subsidies than any corporation in human history)
Not that taxes are actually paying for anything since everything is paid for with unsustainable and perpetual debt, not taxation. We have been in deficit spending since 2001 and the government can no longer function without a deficit. The spending budget doesn’t even truly exist anymore. But still… it’s the sentiment. www.wtfhappenedin1971.com
That said, JPMorgan can do whatever it wants. JPM is above the law. They can do whatever they want via their 0% fractional reserve scheme to solidify their privatized-gains/socialized-losses business model because they know they cannot lose. JPM essentially owns you and I.
Benefits of being the largest bank in the US, the largest lobbyist in the banking industry and the largest member of The Fed.
Reminder to all:
Larry Ellison was one of the biggest misleaders of the dot-com era. He consistently lied to investors and faced multiple class-action lawsuits.
Let’s not forget Oracle’s accounting irregularities, most notably in the ’90s, when they did exactly what they repeated this earnings report: booking future sales to boost revenue. That fiasco forced them to restate earnings twice and lay off more than 10% of their workforce.
Luckily for him, this time Larry an experienced dot-com promoter already began laying off employees in advance
Very strong bull market, feels much worse than 2021 if you bet against the wrong stocks, but there’s a lot of cracks in the economy all being covered with ai and stock market growth. Those Jobs revisions are horrible, there’s a thing where nobody (even myself) ever sees this market going down for more than a day, But Im not backing off as a bear, valuations have become insane a lot of investors are now brainwashed to think this is normal.
I think the ai crash will be massive and burn a whole generation of investors just like the .com burned Gen X and the boomers.. Next year is year 4 of the bull market. Nobody knows when it blows up but it will happen.
People who were trading during the dot com bubble: were there gay bears everywhere saying the internet was a bubble? AI seems like a bubble too with the high valuations but the thing is every bear is out there saying it