posted on May, 10 2012 @ 07:17 PM
jp morgan has 260,000 employees. what would happen if it failed.
there would be 260,000 millionaires waiting on the unemployment line.
and it would lose the $18 billion it makes in profits every year, or in terms people can understand, about the price of 120 f-22 raptors.
the u.s., by the way has already built 195.
in the grand scheme of things, jp morgan is a little minnow trying to be a great white shark.
so america has to ask itself, is the global damage and the damage jp morgan is doing to america's financial system and global economy worth a lousy
$18 billion in profits it produces from the work of 260,000 employees.
the fact is jp morgan is not worth the headache it causes and not worth one dime of your money and if it failed absolutely nothing will happen,
regardless of all the bells and alarms going off on cnn.
260,000 people/crooks out of work is .083% of the population. it won't even make a little, small microscopic dent on america as a whole.
edit on 10-5-2012 by randomname because: (no reason given)