Recently by Robert Wenzel: How Obama Won His US Senate Office
From JPMorgan’s website:
JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple.
Yves Smith, correctly sees this as JPMorgan buying extra protection.
But, I also see it as a scared JPMorganChase. JPMC is a tight run corporation, $4.6million, though not a large sum relative to total JPMC operations, is still not a sum that is going to walk out of JPM without notice and approval.
Bottom line: The banksters are running scared and don’t know when they will need NYPD backup from a very angry public.
Things are getting interesting in Amerika.
Reprinted with permission from Economic Policy Journal.