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RollingStone - Federal Reserve gives $220 million of bailout money to wives of JP Morgan Execs

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posted on Apr, 12 2011 @ 04:25 PM
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How's that for a title. I can't even believe I read it and even typing it. I wish I could take credit for this research, but I cannot. I can only share. Please share this with neighbors and friends. This is the # we work for folks. This is what you goto work everyday for. Love it or leave it. And this is legal....?

220 Million of Bailout for JP Morgan Execs Wives


But if you want to get a true sense of what the "shadow budget" is all about, all you have to do is look closely at the taxpayer money handed over to a single company that goes by a seemingly innocuous name: Waterfall TALF Opportunity. At first glance, Waterfall's haul doesn't seem all that huge — just nine loans totaling some $220 million, made through a Fed bailout program. That doesn't seem like a whole lot, considering that Goldman Sachs alone received roughly $800 billion in loans from the Fed. But upon closer inspection, Waterfall TALF Opportunity boasts a couple of interesting names among its chief investors: Christy Mack and Susan Karches. Christy is the wife of John Mack, the chairman of Morgan Stanley. Susan is the widow of Peter Karches, a close friend of the Macks who served as president of Morgan Stanley's investment-banking division. Neither woman appears to have any serious history in business, apart from a few philanthropic experiences. Yet the Federal Reserve handed them both low-interest loans of nearly a quarter of a billion dollars through a complicated bailout program that virtually guaranteed them millions in risk-free income.

edit on 12-4-2011 by Bonified Ween because: spell fail

edit on 12-4-2011 by Bonified Ween because: (no reason given)




posted on Apr, 12 2011 @ 04:27 PM
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If this is true and I mean, really... If this is REALLY true... While tens of thousands of kids go to bed hungry, a percentage of money deducted from your pay cheque goes to these old slags... then...

How is Wall Street standing?...

Honest question.



posted on Apr, 12 2011 @ 04:28 PM
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This is going to be on their new album?



posted on Apr, 12 2011 @ 04:31 PM
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reply to post by JakeLeMaster
 


It's a magazine amigo



posted on Apr, 12 2011 @ 07:01 PM
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Originally posted by colbyforce
reply to post by JakeLeMaster
 


It's a magazine amigo


Well, anyway, maybe some of those individuals named will sing!

Naw, not a chance. They're producers, right?



posted on Apr, 12 2011 @ 07:07 PM
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reply to post by colbyforce
 



I got it at least Jake.

If true though, this is nauseating.



posted on Apr, 12 2011 @ 07:17 PM
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SO? They worked hard for that money

Stop punishing people for their success!!



posted on Apr, 12 2011 @ 07:21 PM
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reply to post by BiggyMcBigPants
 


My middle name is sarcasm but just making sure (it's really wayne Jake) hardy har (sarcasm again).



posted on Apr, 12 2011 @ 07:23 PM
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reply to post by Janky Red
 


success? They haven't done anything except marry a rich dude...and they get bailout money? I hope you're joking...if you're not then...wow...seriously?

Where's the poor person's/middle class bailout? It's in these rich b$%#@'s hands and the fat bankers accounts



posted on Apr, 12 2011 @ 07:33 PM
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Originally posted by here4awhile
reply to post by Janky Red
 


success? They haven't done anything except marry a rich dude...and they get bailout money? I hope you're joking...if you're not then...wow...seriously?

Where's the poor person's/middle class bailout? It's in these rich b$%#@'s hands and the fat bankers accounts


the poor persons/middle class bailout was that program to stimulate the economy that left the country with a gaping hole of decent used cars for cheap or for parts. remember? bunch of people went out and bought a new gas sipper from overseas automobile manufacturers. i'm pretty sure that was our 15 minutes of fame.



posted on Apr, 12 2011 @ 07:33 PM
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Man, if my husband did to me what those two husbands did to their wives, he'ld be in prison for pandering. And we wouldn't be as rich. And I probably wouldn't enjoy the business. And we for sure wouldn't be getting any govt money. .......

Nah, I like my life better. You know, some people think, that people like these execs, are just like them, only wealthy. Nah, these people are not like us. But, if one of us should ever come upon some wealth, then do what these people did, to not just keep it but use some of it to greatly increase it. And, no, you won't go to prison.

.....and that's another difference between us and them.



posted on Apr, 12 2011 @ 08:57 PM
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None of this will stop until we QUIT PAYING TAXES to fund this fraud and crime used against us. I despise my government. Bastards make me ill.



posted on Apr, 13 2011 @ 09:01 AM
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My husband had a small....tiny....business with an employee. I wonder how many jobs were created by these wealthy women with their new income. Hmmmmmmm......ok.....one of the wives "dabbl[ed] in thoroughbred racehorses". Oh, yeah, probably hired another illegal worker.



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