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Wednesday, 14 October 2009

JP Morgan's profits

In case anyone wondered who was in control of this world we all live in,
"JP Morgan smashes expectations with $3.6bn profit...in the last quarter"

"JP Morgan received $25bn from the US Treasury in October 2008 as part of America's bailout of the banking sector, and was one of the most eager to repay the money as conditions improved this year."

I'd imagine the that taxpayers would like some of their money back please, thank you.

SO, banks run into difficulty, get HUGE government bailouts, then make HUGE profits. Who suffers? The poor, the public sector, those on benefits.
Where is the news? MPs expenses. I think people are missing the point

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