Does America Really Want to Continue with this "Built to Fail", "Pay any Fine" Banking System? I Don't.
The other candidates do. That's where the political money comes from. It's is where the power comes from. Let's look at JP Morgan.
JP Morgan has over 10% of the assets of the American people at their bank. ($3.3 Trillion out of $23.6 Trillion.) One bank. 14% of your assets.
Here are some of the fines JP Morgan has paid over the years.
Misleading CDO Investments
JPMorgan Settles Military Mortgage Suits for $56 Million
Anticompetitive Conduct in Municipal Bonds
Foreclosure Abuses and “Robo-Signing”
JP Morgan fined $5.29 billion
Settled on 2/9/2012
More Mortgage Misrepresentation
JP Morgan fined $269.9 million
Settled on 11/16/2012
Improper Foreclosures Pt. 2
JP Morgan fined $1.8 billion
Settled in 01/2013
Electricity Trading Scandal
JP Morgan fined $410 million
Settled on 7/30/2013
The London Whale
JP Morgan fined $920 million
Settled on 9/19/2013
The Fannie and Freddie Fines
JP Morgan fined $5.1 billion
Settled on 10/25/2013
Has enough? The list goes on and on and on… for another list of fines… See this list.
We need Limited Purpose Banking, and we need it now.
YES !!!!!!!!!!!!