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Community Corner

Crime Pays

Joseph Borrajo, Neighbor

JP Morgen and CEO Jamie Diamon cited by the Feds on two counts- Debt-Swap-Derivatives that along with other Wall Street banks was instrumental in the financial collapse in September 2008. JP Morgan also aided and abetted Bernie Madoff Ponzi-pyramid scheme that robbed investors of billions of dollars. The injury done by Wall Street's Dept-Swap-derivative scheme translated into seventeen trillion dollar loss to the American economy. The Feds slapped JP Morgan and Jamie Diamon on the wrist with a fine. This week JP Morgan shareholders/board members gave Jamie Diamon a 74% pay increase. Jamie Diamon now makes twenty million dollars a year. Who says crime doesn't pay.  P3 

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