The One Million Reasons for the firing of JP Morgan’s CEO Jamie Dimon

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THE WISE Media, Content, and Publishing returns Monday with high impact news content. We look forward over the next three weeks to welcome our new sister website for Personal Finance News and Multimedia Content (empowertheconsumer.com). The following is an excerpt of article content to be published Monday morning. Full publication will be provocative as the consequences of inaction will force the Mainstream Media's hand in coverage. JP Morgan Chase has been on the Public Relations frenzy in an effort to be in front of the $2 Billion dollar tidal waves of losses due to derivatives trading. The forefront of the frenzy is CEO Jamie DImon with a straight shot to the realities of what happen, and the  blunt apologetic tone was a parallel of water pouring over an ever increasing and unpredictable fire. Two stark realities are shining through as ethical cancers eating through the banking industry, the government regulatory system, and financial consumer base. First, consumers make … [Read more...]

Bankers suffer

http://youtu.be/VOapLkmhYG4 … [Read more...]

TRUTH AT TWO: Reality in America is lost on the same highway as common sense and values

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2 Billion Dollars would have provide 1 Million Unbanked clients accounts for one year with estimated annual costs on the account 8 x current market. What positive impact would 1 million financially healthy bring.TRUTH OR WHAT? JP MORGAN'S CEO ACCEPTS ACCOUNTABILITY BUT KEEPS JOBSJP MORGAN CHASE loses two billion dollars in derivities, but excludes a  portion of the adult population in Amerprica from mainstream banking services. The deemed Unbanked are hard costs with very return on the investment. That model is deemed not feasible in the banking industry. Let's us investigate. The bank pays around $120-$220 in annual charges a basic checking account that would be used by the Underbanked. Let's look at increase the cost  of  each account to $1000 annually, and JP Morgan Chase offers the checking accounts to the UNBANKED. First, the integration of more consumers into mainstream would be a positive impact from the local community up to some aspects of the real economy. How many … [Read more...]

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