GOLDMAN AND JPM SET THEIR SIGHTS ON THE “LITTLE PEOPLE’S” MONEY | WHAT REALLY HAPPENED


GOLDMAN AND JPM SET THEIR SIGHTS ON THE “LITTLE PEOPLE’S” MONEY

When Goldman Sachs was negotiating its deal with New York City in 2005 to build its new headquarters building at 200 West Street, one of its requirements was that it have a seat along with the New York City Police Department in a taxpayer-funded spy center to keep the Main Street riffraff under surveillance. Goldman wanted the new surveillance center to be in place no later than December 31, 2009. Curious, isn’t it, that Goldman was prescient enough to think that the pitchforks might be coming out after an epic crash on Wall Street. The spy center was, indeed, built and both Goldman and JPMorgan Chase were given seats, along with the New York Fed, Citigroup and others. (See Wall Street Firms Spy On Protesters in Tax-Funded Center and 60 Minutes Takes a Pass on Wall Street’s Secret Spy Center.)

Now, all of a sudden, Goldman Sachs Bank USA is offering FDIC insured savings accounts with no minimums to the little guy and JPMorgan Chase is frying the brains of its legions of upscale brand marketing gurus with an account that promises “100+ commission-free online stock and ETF trades with $0 minimum to start.” After the little guy has exhausted his 100 free trades, the cost will be $2.95 per trade thereafter, according to the firm’s website…

Webmaster's Commentary: 

Color me unsurprised by these moves.

Why people are investing in the stock market, during these volatile times, is a mystery to me, unless they have inside information which nearly guarantees that such investments are "bullet-proof"; of course, this is information to which both houses of Congress are privy, and because they are not required to put their investments into a blind trust, as is the President.

Let's, for example, look at the financial wellness of The Pel, and her husband: After the historic 2018 midterm elections, Rep. Nancy Pelosi was again confirmed to the role of speaker of the House of Representatives on Jan. 3, 2019.
As a couple, Pelosi and her husband have a combined net worth between -$58.7 million and $72.1 million.
Until 1987, the career politician worked in unpaid roles.

So, after she has made the statement in her news conference today, that "President Trump is after his own interests, not the people's interest", one has to wonder; what sweetheart deals has this lady made, to earn The Pel and her hubby, somewhere +/- $65 million dollars per year?!?

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