How Criminals Shrink AND Grow Simultaneously

Only on Wall Street can you see how Banksters manage to shrink AND grow their business simultaneously.

Cue up: one of Wall Street’s favorite criminal organizations and largest holding bank, JP Morgan Chase (JPM).

Since the crash of 2008, JPM (aka “The Morgue”) has exited over 15.7 MILLION square feet of U.S. office space.

And at the same time, they managed to grow their assets by $1.3 TRILLION or 62.9%.

Huh?

And between 2017-2019, they spent over $59.5 Billion buying back their own stock.

Ironically (or NOT), the insiders benefitted most from the buybacks.

According to the proxy JPMorgan Chase filed with the SEC on April 7, Jamie (“because I’m richer than you”) Dimon – Chairman and CEO of JPMorgan Chase – owns 9,385,141 shares of the bank’s common stock.

Ironically (or NOT) most of his stock was obtained under “performance” * awards given to him by his Board of Directors.

(* Note, Dimon’s “performance” has included racking up an unprecedented five felony counts against the bank.  

And it doesn’t stop there.

In addition, they paid out more than $43 billion in fines and settlements for egregious financial abuses since 2014.

As of June 30th, Dimon’s shares had a market value of $1.46 billion.

But this is yet another example illustrating how handsomely crime pays on Wall Street.

The Shrink and Grow Effect

Meanwhile, the “Shrink” portion of dumping 15.7 million square feet of office space has resulted in many job losses at “The Morgue.” (As of December 31, 2020)

And this doesn’t include the loss of jobs and office space from the CoronaFraud in 2021.

Unfortunately, the job losses suffered by the “little people” don’t make the headlines.

But that’s nothing new.

And who can forget the arrogance of Jamie Dimon – at a Senate hearing into one of his bank’s felony charges – when he purposely flaunted his “Presidential Cufflinks” after responding to a question: “Because I’m richer than you…”

The message Dimon conveyed is that he’s “Untouchable.”

Unfortunately – and because of Wall Street’s incestuous relationship with Washington – most banksters remain untouchable.

But (and this is a really Big Butt) there is always a day of reckoning.

And today’s banksters are no exception to the rule.

So, as Wall Street continues to fleece their shareholders – from shrinking their liabilities and growing their asset base – you should expect a big shake up in the banking sector.

At the same time, it will create opportunities of a lifetime for those with ears to hear.

Be sure to listen and learn how to prosper AND thrive in Turbulent Times in our “…In Plain English” newsletter (HERE).

Share this with a friend…especially if they don’t like banksters.

We’re Not Just About Finance.

https://www.financialsmatter.com/do-you-make-these-mistakes-when-investing/

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