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This summer, JPMorgan Chase settled fraud charges for $153.6 million. A plethora of class-action suits linger. This year, JPMorgan Chase is the top creator of securities backed by commercial mortgages, whose quality is rapidly deteriorating. In credit derivatives, the bank is second only to Goldman Sachs: JPMorgan has $73 trillion of general derivatives exposure. Because Jamie Dimon is a director of the New York Federal Reserve, his callous attitude toward global risk reduction is particularly heinous. If he isn’t grateful for Basel III, the rest of us should be.
Welcome to OCCUPY TOGETHER, an unofficial hub for all of the events springing up across the country in solidarity with Occupy Wall St. As we have followed the news on facebook, twitter, and the various live feeds across the internet, we felt compelled to build a site that would help spread the word as more protests organize across the country. We hope to provide people with information about events that are organizing, ongoing, and building across the U.S. as we, the 99%, take action against the greed and corruption of the 1%.