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JPMorgan & Other Financials Still Receiving Billions Annually From U.S. Taxpayer: TARP Institutionalized, When Dimon Should Be Institutionalized

2012 June 22
Banking+CEO+Testify+Before+House+Use+TARP+Kd75hMrbG21l

Is JPMorgan worried about its potential $18 billion dollar loss? Perhaps not, when it could be offset by $14 billion in United States taxpayer subsidies – that’s 77 percent of its total net income in the last four quarters! And this comes as no surprise as over the last several decades governments and central banks around the world have shown willingness to keep their banking brethren solvent in times of opportunity bringing crisis.

Senator Jeff Merkley (D-Ore.) pointed out last week to the Senate Banking Committees’ Jamie Dimon homecoming that the bank would be bunk without taxpayer money – insolvent.

Dimon’s defensiveness suggests lies, as he “roared” that the only reason the bank took government funds and borrowed at near-zero percent interest rates from the Federal Reserve was because the government made it. It’s the excuse of a child. Woah, come on Jamie, no reason to freak out or anything…

Despite his riposte, the bank is still receiving approximately $14 billion a year, according to the official numbers by Bloomberg, which was based on an International Monetary Fund study. According to Bloomberg:

The money helps the bank pay big salaries and bonuses. More important, it distorts markets, fueling crises such as the recent subprime-lending disaster and the sovereign-debt debacle that is now threatening to destroy the euro and sink the global economy.

The IMF deduced that “too big to fail” banks borrow at about 0.8 percentage points less than do smaller banks. This lower interest rate means around $76 billion in lost revenue for the U.S. taxpayer and savings for the 18 biggest U.S. banks. $14 billion thereof is JPMorgan’s.

That’s not all the funds, of course, that JPMorgan is being force-fed, as Dimon noted in a conference call recently that the Home Affordable Refinancing Program, which enables banks to generate income through the modification of government guaranteed mortgages, significantly contributed to JPMorgan’s earnings in the first three months of 2012.

These subsidies to major banking institutions is a huge source of the rampant fraud and manipulation in financial markets as criminal banks pen their “Great Work” of ensuring “stability” in the financial sector – that is, the institutionalization of fraud.

Nothing to worry they have, as the countless hours of toil and labor of individuals – forced to pay burdensome taxes -  will guarantee any missteps in the casino of high finance as transnational banks, central banks and keystone steering groups play their part in consolidating acute power among the top banking brass of the planet.

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  • http://twitter.com/Astraea808 Astraea Shaw

    WHY is this going on? WHY is it allowed? WHY???

  • http://profile.yahoo.com/RAIYCQZLG4LHUMKYABUBIMYZUY Daddy

    Healthy silver, go to your local coin shop and buy a silver ounce.
    Keep a silver round (coin) in your pocket, hospitals are coating door knobs and handles with silver to prevent the spread of germs.With each ounce of physical silver purchased with fiat paper currency, MANY other benefits will occur simultaneously;
    Crash JP Morgan,
    Crash Comex
    Marginalize the Federal Reserve
    Defund NATO
    Defund the UN
    Preserve wealthWhy isn’t everyone buying silver????

  • freewriterguy

    Name:

    Address:

    ATTENTION:
    ____________________________ “PUBLIC SERVANT(S)”,

    On the night of December
    23, 1913 the United States Congress passed the Federal Reserve Act and
    thereby committed the greatest act of TREASON in history. It
    surrendered this nation’s sovereignty and sold the American people into slavery
    to a cabal of arch-charlatan international bankers who proceeded to plunder,
    bankrupt, and conquer this nation with a money swindle.

    The “money”
    the banks issue is merely bookkeeping entries. It cost them nothing and is not
    backed by their wealth, efforts, property, or risk. It is not redeemable except
    in more debt paper. The Federal Reserve Act forced us to pay
    compound interest on thin air. We now use worthless “notes” backed
    by our own credit that we cannot own and are made subject to compelled
    performance for the “privilege.”

    From 1913 until 1933,
    the United States paid the “interest” with more and more
    gold. The structured inevitability soon transpired: the Treasury was empty, the
    debt was greater than ever, and the United States declared
    bankruptcy. In exchange for using notes belonging to bankers who create them
    out of nothing on our own credit, we are forced to repay in
    substance (labor, property, land, businesses, resources – life) in ever-increasing
    amounts. This may be the greatest heist and fraud of all time.

    When a government goes
    bankrupt, it loses its sovereignty. In 1933 the United States declared
    bankruptcy, as expressed in Roosevelt’s Executive Orders 6073, 6102, 6111, and
    6260, House Joint Resolution 192 of June 5, 1933, confirmed in Perry v.
    United States, (1935) 294 U.S. 330-381, 79 L.ed 912, as well as 31 USC
    5112, 5119, and 12 USC 95A.

    The bankrupt United
    States went into receivership, reorganized in favor of 115 creditors and
    new owners. In 1913, Congress turned over America… lock, stock and
    barrel to a handful of criminals whose avowed intent from the beginning was to
    plunder, bankrupt, conquer, and enslave the people of the United States of
    Americaand eliminate this nation from the face of the earth. The goal was, and
    is, to absorb America into a one-world private commercial government,
    a “New WorldOrder.”

    With the Erie
    R.R. v Tompkins case of 1938, the Supreme Court confirmed their
    success. We are now in an international private commercial jurisdiction in
    colorable admiralty-maritime under the Law Merchant. We have been conned and
    betrayed out of our sovereignty, rights, property, freedom, common law, Article
    III Courts, and… our Republic. The Bill of Rights has
    been statutized into “civil rights” in commerce.

    America has been
    stolen. We have been made slaves, i.e. permanent debtors, bankrupt, in legal
    incapacity, rendered commercial “persons,” “residents,” and
    corporate franchisees known as “citizens of the United States”
    under the so-called “14th Amendment.” Said “Amendment,”
    which was never ratified – see Congressional Record, June 13, 1967; Dyett
    v. Turner, (1968) 439 P2d 266, 267; State v. Phillips, 1975
    (affirmed) – created a citizenship for corporations, abstract statutory
    entities which are the products and definitions of the legislature and are
    fully taxable and regulatable thereby. Thomas Jefferson’s prophecy has come to
    pass: “If the American people ever allow private banks to control the
    issue of currency… the banks… will deprive the people of all property until
    their children will wake up homeless on the continent their fathers
    conquered.”

    Since 1933 what is
    called the “United States Government” is a privately owned
    corporation of the Federal Reserve/IMF. It is merely an instrument whereby the
    banksters administer their ongoing subjugation and plunder of what was once
    considered “the last great hope of human freedom.” All
    “public servants,” officials, Congressmen, politicians, judges,
    attorneys, law enforcement officers, States and their various agencies, etc.,
    are the express agents of these foreign principals – see Foreign Agents
    Registration Act of 1938; 22 USC 286 et seq, 263A, 185G, 267J, 611(C) (ii)
    & (iii); Treasury Delegation Order #91 – who have stolen the country by
    clever, intentional, and unrelenting fraud, trickery, treachery,
    non-disclosure, mis-representation, intrigue, coercion, conspiracy, murder
    (example: the murder of President John F. Kennedy and the continuing cover-up),
    etc. If there is a greater tragedy in human history it is hard to know what it
    is.

    An insidious aspect of
    this is that “officials” like you may think you are “public
    servants,” or upholding the “law,” or other hoaxes. In truth you
    are conscientiously and assiduously serving the arch-enemies of yourselves,
    your own rights, your fellow citizens, continued… human rights, life, and
    freedom in general. YOU are seditiously administering the
    plunder, bankruptcy, conquest, destruction, dismantling, and elimination of
    your country. YOU are systematically defrauding, extorting,
    impoverishing, and injuring human life on the basis of crimes and lies of such
    magnitude, depth, and proportions as to be beyond human comprehension.

    By so doing, you are
    committing TREASON and PERFIDY so immense as “to make the
    angels weep.” If you and your fellow “officials” do not
    understand the real situation, you are ignorant, naive, deceived, and conned.
    You are sheer dupes. If you do know and are parties to it, you are guilty of
    evil and heinous BETRAYAL. You are in such case TRAITORS
    and CRIMINALS. All of you “in power” are therefore, either
    fools or knaves, either of which eminently invalidates your
    “authority” and renders null and void absolutely all
    moral obligation to pay allegiance or to obey the TREASONOUS SYSTEM you
    enforce with such mechanical viciousness.

    If, you, “public
    servants” had any shred left of humanity, awe, heart, clarity, sanity,
    access to your true being and conscience, you would instantly resign and do
    everything possible to inform the American people of their plight and help us
    retrieve our rights and our country. Only by such means can you even begin to
    atone for your endless crimes against humanity, the lives you so arrogantly and
    mindlessly butcher with the “meat-grinder of the law.”

    You DID NOT CREATE the
    lives you “legally” assault; they DO NOT belong to you. Ignorance of the law – moral and natural
    law – is no excuse. Youcannot engage in bringing harm to life and,
    like the Nazi’s defense at Nuernberg, presume that because you do so under the
    “authority” of an imaginary, abstract, unreal legal fiction called
    “government” you are freed of the consequences of your acts. Moral
    and natural law are not obviated by ignorance, hubris and
    self-righteous militancy. Your entire system – from the ground up – is deceit
    and fraud. It is illicit in essence and ab
    initio. As Broom’s Maxims 297, 729 put it: “A
    right of action cannot arise out of fraud.” Honor is earned by
    honesty and integrity, not under false and fraudulent pretenses. The color of
    the cloth one wears cannot cover up the usurpations, lies, and treachery.
    “When black is fraudulently declared to be white, not all will live in
    darkness.”

    More and more people are
    awakening to the truth. What do you think the American people will do as they
    discover that they have no more country, that they are slaves to mortal
    enemies, that they have been tricked and betrayed by their “leaders”
    who sold them out? what do you think they will do when they realize that all
    their alleged “public servants” are willing or stupidly compliant
    parties to the plunder, bankruptcy, subjugation, and ruin of their lives and
    country?

    Thomas Jefferson wrote:
    “An honest man can feel no pleasure in the exercise of power over his
    fellow citizens.” Lincoln said: “Just as I would not be a
    slave, neither would I be a master.” I will not participate
    in your corrupt, arrogant, and cruel fraud, either as
    perpetrator or victim. The great Indian poet Tagore wrote: “Power takes as
    ingratitude the writhing of its victims.”

    I will no longer sit
    here and writhe. The TYRANNY over this nation MUST END! If you
    continue with this course, you will have natural and moral law and higher
    powers to answer to, not to mention all those you have wronged under phony
    color of law. You will also have your own laws turned against you, as you have
    turned the law against us. To transform the shield of protection into a sword
    of exploitation, subjugation, and plunder is perfidy. You have now been
    placed on notice. All further actions on your part will be willful!

    Signed: All Rights
    Reserved Without Prejudice.

    _________________________________________,
    Sui Juris.

    Resolutely, an American
    who demands his country back.