#173 jp morgan retiree: more details
Employee said organizations were targeted for paying off organizational decision makers to sign off on loans bigger than they needed and/or investments that were just plain worthless, and this employee was to vet chosen organizations' chances of being highly profitable.
Empolyee said the derivative products they used were overly complex, implying few could understand them and figure out how they were getting shafted (KICS (keep it complicated smart-money) instead of KISS (keep it simple stupid)).
Employee said jpm were the good guys when walked through the door but couldn't keep up the front when we talked alone, alway from long-time friend.
Employee never considered blowing the whistle despite claim to be liberal Democrat and despite a working significant-other and despite no children, making them a special kind of upper-middle-class category called DINKS (dual-income no-kids).
Employee leaving NYC area and thinks house not in NYC area may not sell right away (what a surprise).
Employee knew absolutely nothing about gold and silver, confirming they're not taught in business schools, and revealing they're not talked about by jpm to its lower levels.
Employee doing own investing now, obviously not in gold and silver, unless employee really heard what I said. I'm guessing international stocks invested with non-dollars.
Employee knew about "naked shorts" but not in regard to silver.
Employee likes to read "paper" mainstream magazines and newspapers. Except for Wikileakia, employee mostly unaware of journalism 2.0.
Employee thinks Obama not doing what he does voluntarily and wants to do the "right" thing but can't.
If this were true he would have, as Commander in Chief, declared martial law his first day in office, and would have had the military detain the banksters in a stockade with multiple charges of high treason.
Instead, he did just the opposite, choosing not to use military power, the power that trumps all other kinds of power.
Employee was silent about my "Commander in Chief" remarks.
http://buygoldansilverlong.blogspot.com/2011/05/173-jpm-retiree-more-details.html
