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    JP Morgan trading losses could go as high as $9 billion. Is your faith in the U.S. banking system still intact?

    http://news.yahoo.com/report-jpmorgan-trading-losses-may-reach-9b-105948764--finance.html


    ""

    +2  Views: 717 Answers: 4 Posted: 12 years ago

    4 Answers

    Not at all but I've had no faith this banking system for years. Bring back the gold standard. 


    DISCLAIMER, I AM NOT A PROFESSIONAL POLITICIAN SO MY OPINION IS BASED ON JUST THAT, OPINION. FOLLOW MY OPINION AT YOUR OWN RISK! :)

    No. It goes to show that the biggest banks still pose risks to our financial system, less than 4 years after our financial crisis in fall of 2008. After the Glass-Steagall act of 1935 was overturned in 1999 by Democrats and Republicans, it led to our financial crisis in 2008.

    Banking is a faithless business that pretends to be faithful. It is a lie about lies. Banks issue paper shackles and their vaults are filled with dead men’s bones…..how appealing the ways of dying a pauper…rich in empty promises and the dust of abandoned dreams.    

    Chiangmai

    Well put. I am impressed, robert.

    Banking is a faithless business that pretends to be faithful. It is a lie about lies. Banks issue paper shackles and their vaults are filled with dead men’s bones…..how appealing the ways of dying a pauper…rich in empty promises and the dust of abandoned dreams.    



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