Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.
The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said.
Most people are under the false assumption that the taxpayer bailout of Wall Street banks began and ended with TARP. They couldn't be more wrong.
The Wall Street bank bailout began with Federal Reserve subsidies in December 2007, and has continued in one form or another right up to now.
J.P. Morgan Chase & Co. is nearing a deal that would allow it to benefit from a tax refund of as much as $1.4 billion, becoming the latest company to tap a little-noticed plank in an economic stimulus bill.
That law let companies apply losses from 2008 or 2009 against taxes paid in the previous five years, instead of the previous two years.
This is actually some very good news and frankly also a no brainer. How hard is it to realize one has set terms so predatory and unrealistic that they send their customers to the poor house? Maybe, just maybe it's a good idea to renegotiate reasonable terms so they actually make a little money after all instead of bankrupting their clientele?
JPMorgan Chase & Co., the largest U.S. bank by market value, said it won't begin foreclosure proceedings for as long as the next 90 days while it finds ways to make payments easier on $110 billion of problem mortgages.
Change? Sorry. The rumor that sounds so confirmed it's making it to the MSM is that Jamie Dimon, CEO of JP Morgan Chase will be Obama's Treasury Secretary
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