Don't Worry Chase Bank,
Nobody Here but us Lemmings.

Showing posts with label billons of dollars for bonuses. Show all posts
Showing posts with label billons of dollars for bonuses. Show all posts

Wednesday, January 13, 2010

JP Morgan Chase makes money by Charging Fees, just another barnacle feeding off somebody else's wealth, not creating it.

With apologies to barnacles. Barnacles probably serve some important ecological function by attaching themselves to other living organisms and feeding off of them, but Chase Bank appears to be about feeding off of others by charging fees to make a profit, which then converts to bankster bonuses into the tens of billions of dollars.


Don't forget, the Cat Who Ate Chase Bank, the book, coming out in early 2010.