• JPMorgan Predicts Financial Crisis Similar to 2008!

    From Intelligent Party@21:1/5 to All on Thu Apr 9 13:14:26 2020
    XPost: alt.politics.congress, alt.politics.usa.constitution, alt.politics.obama XPost: alt.politics.libertarian, alt.activism.d

    In 2008, BANKS FAILED!

    "we don't know exactly what the future will hold – but at a minimum, we assume
    that it will include a bad recession combined with some kind of financial stress
    similar to the global financial crisis of 2008. Our bank cannot be immune to the
    effects of this kind of stress."
    - Jamie Dimon,
    Chairman and Chief Executive Officer, JPMorgan Chase & Co.
    Annual Report, April 6, 2020

    https://reports.jpmorganchase.com/investor-relations/2019/ar-ceo-letters.htm

    In 2008, BANKS FAILED!


    Yes, this is sad stuff, but it can be avoided! Solutions of one type or another
    must be found! In Congress going to invest in all businesses if not stop all debt?

    Increasing the U.S. National Debt is not a problem, Japan's is already double ours
    per capita.

    We need to think people!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)