Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.

Wednesday, June 13, 2012

JPM Bribery

Those bribed by Jamie Dimon are asking questions of the same person who paid them. That this theatrical hearing will be a farce is by well known by absolutely everyone. The reason it's called a bribe is simple.  When it comes to "purchasing" a room full of Senators (not to mention the script for today's "hearing"), JP Morgan is always at the top. It cost JP Morgan just under $1 million, or $877,798.00 to be precise in lifetime campaign contributions, to buy itself precisely one Senate Banking Committee.

And where it gets really fun is that between the Chairman, Tim Johnson (D - SD), and the ranking member Richard Shelby (R - AL), JP Morgan has been the top and second biggest campaign contributor, respectively.

Also, 9 (at least) of the total 22 members of the committee have received some form of bribe from JPM over the years.
 
The average clueless American hasn't a grip on the fact that lobbyists spend over one billion dollars per day inside the Beltway.   No wonder we are headed the way of Greece, Italy, Spain, etc.

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