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What makes this especially disgusting is that JPMorgan doesn't fundamentally do anything to earn the vast majority of what it does. Why is this "disgusting"?
by tsotha 14y ago
What makes this especially disgusting is that JPMorgan doesn't fundamentally do anything to earn the vast majority of what it does.
Why is this "disgusting"? As long as they don't come to the taxpayers for a bailout it's somebody else's problem, namely JPM shareholders.
- jaydub 14y agoCertainly there is value in facilitating the "world's money flows"? Agreed that using taxpayer money to gamble is "disgusting" but surely the companies that do the things we all know and love (google, apple, etc) have benefited from the capital markets, and thus big banks like JPM. Without being public companies could google and apple have become what they are today?