with the bank. under the settlement, not one person from j.p. morgan involved in one of the worst frauds, worse bank frauds in our american banking system is going to prison. didn t even get handcuffs. instead, the justice department let j.p. morgan buy its way out of trouble. $1.7 billion. sounds like a lot of money, right? it is. but here is the dirty little secret. the one the justice department knows but doesn t want you to realize. do you know who is paying that $1.7 billion? if you think for one second it s the executives at j.p. morgan who are responsible for the crimes, you are so dead wrong. they won t pay a red cent. those executives will probably still get their big golden parachutes. it s the innocent shareholders who will pay. many of you. those with absolutely nothing to do with the crimes. they are the ones who will have to pony up the $1.7 billion. justice? no, it s disgraceful. worse, it s business as usual, nothing unusual about it and that s my
with the bank. under the settlement, not one person from j.p. morgan involved in one of the worst frauds, worse bank frauds in our american banking system is going to prison. didn t even get handcuffs. instead, the justice department let j.p. morgan buy its way out of trouble. $1.7 billion. sounds like a lot of money, right? it is. but here is the dirty little secret. the one the justice department knows but doesn t want you to realize. do you know who is paying that $1.7 billion? if you think for one second it s the executives at j.p. morgan who are responsible for the crimes, you are so dead wrong. they won t pay a red cent. those executives will probably still get their big golden parachutes. it s the innocent shareholders who will pay. many of you. those with absolutely nothing to do with the crimes. they are the ones who will have to pony up the $1.7 billion. justice? no, it s disgraceful. worse, it s business as usual, nothing unusual about
i m with ron on this. i love the rhetoric. by the way, you can t fight it. look what it cost mitt romney when he talked the other direction about president the 1% and fighting the 47%? clearly the country sees the guys on wall street. every time you pick up a newspaper, you read about wall street and the salaries the guys get, the golden parachutes. they re knocked off. they don t run the companies anymore. they don t have to do anything anymore. talk about getting paid for nothing. they re getting paid for failure and making exponentially more money than the people working in middle management. your thoughts? i think the american people are speaking very loudly and basically what they re saying is that we want to make sure this country is properly functioning. we want to make sure people have jobs. i think that actually, chris, puts pressure on this president and it puts pressure on our congress. keep in mind, i mean, up until yesterday, we basically, and the president had a group o
birth and continued that course for 15 months, then her mother stopped giving her the drugs, that s when doctors discovered the virus was at such a low level, that treatment was no longer necessary. the vatican says they may be able to pick the next pope by march 15th. that would give the new pope a little more than a week to get ready for palm sunday mass. while cardinals consider their choices, the cardinal in britain who denied abuse allegations last week is now apologizing. we ll have the details on that straight ahead. in switzerland, voters have agreed to curb how much money corporate executives can make. the rules give shareholders a binding say on ban or golden parachutes, and the new world s will fire annual new elections the swiss public was angered by the string of corporate scandals. in one case, hsbc paid out
ever after on our pension. these are government workers who get a pension teacher pension of $43,000 a year. you think that s ridiculous, offensive? meanwhile we have billionaires paying the lowest tax rate in our country that s a totally different debate. that s a totally different debate. guys, please. guys, let s bring it in here. first of all, sally is right, though. you can t break you can t change the rules in the middle of the game. first of all, there are life-changing events, people have stayed with these careers. we were guaranteed these pensions. yes, they need to be there. however future employees should not be given these great golden parachutes. i mean, these great, great golden pension plans, everything else that s given to them, healthcare for life, and their family, survivor benefits, everything else. that s not right. that s where the change has to take place. you can t change the rules in the middle of the game right now, guys, because you once you do tha