Thread: JPMorgan $2.72 billion profit

True that, Jester....Good for them...


O but wait "Headline news----New video of Michael Jackson's hair on fire from 1993!!!!!" Oh Shit guys HIS HAIR IS ON FIRE.....16 years ago....and he's dead....and.....................I still don't see how this is breaking news.

Breaking News!!!







Michael Jackson is still dead.

Dark... don't you just love how they can't seem to let this idiot go... its' going to be the next Nataliy Holloway. (sp?) Maybe Greta will get a condo near the L.A. Corners office and report back to us every night. ;-)

Originally Posted by Killing Hours

Breaking News!!!







Michael Jackson is still dead.

*gasp* are you sure your sources have the correct information? I think we need to cross-check the information to be sure :P

umm... i'll see if i can get wall to wall news coverage for the next few weeks to ensure we are correct.

Originally Posted by triggerhappy2005

As long as they pay the taxes on that money, I see no problem whatsoever.

On a side note, Goldman Sachs also reported a record profit recently and announced they will be paying back the $10 billion in TARP funds they borrowed. Nice.

And the average pay for each GS employee this year will be in the very high 6 figure range.

http://247wallst.com/2009/07/02/conf...e-700000-each/

Originally Posted by Consultant

These windfall profits must be taxed in addition to normal taxes. And their CEOs should be investigated, for they must be breaking some law.

Evil corporations.

I hope that was sarcastic.

Originally Posted by triggerhappy2005

Originally Posted by w4jchosen

Originally Posted by triggerhappy2005

As long as they pay the taxes on that money, I see no problem whatsoever.

On a side note, Goldman Sachs also reported a record profit recently and announced they will be paying back the $10 billion in TARP funds they borrowed. Nice.

And the average pay for each GS employee this year will be in the very high 6 figure range.

http://247wallst.com/2009/07/02/conf...e-700000-each/

That's capitalism. You eat what you kill. Just pay those taxes.

Was it capitalism when we sent them their "kill"? Seems to me that they went hunting in the wrong place and bet their bottom dollars on those kills they were gonna get... but when that panned out and didn't produce the kills they were after... they had to have someone else float the bills so they could stay in biz. If it were "capitalism"... they would be gone now and a stronger company would replace them.

Capitalism:

–noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

Think you meant to say "socialism". ;-)

Socialism:

–noun
1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. procedure or practice in accordance with this theory.
3. (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.

Procedure or Practice Wouldn't that be like using the public funds to bailout a private company(s) for the good of the whole (collective) system?