WeWork was a husband and wife team. |
Eh, if I got scammed by a sketchy eBay seller and came here for advice, 90% of posters would tell me it was my fault for not doing my due diligence. |
| JP Morgan a victim ? LOL !!! |
For $175 million? |
Correct. However, everyone was sure it would work, except actual business. |
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Let us all shed a tear for JP Morgan, a fine and decent institution who created and knowingly misled investors about worthless mortgage-backed securities.
Who wrongfully foreclosed on vulnerable homeowners in the aftermath of that crisis. Who manipulated energy markets, misled and overcharged credit card holders, and whose political bribes and predatory swap deals brought an entire Alabama municipality to the brink of collapse. And who — let us never forget — ignored their own internal warnings about and evidence for a vast human trafficking operation run by one Jeffrey Epstein. A moment of silence, shall we, for this good and honorable institution, this great pillar of integrity and morality, this steadfast bulwark against all the evildoers in our fallen society. They are the real victims. |
Dude, that’s the equivalent to JPM that about $40 is to the median American. Literally. Do the math. So…yeah. |
2% of their net revenue. I did the math. |
Nah, not revenues. Worth. Median US net worth is under 200k. |
Revenue is what counts when it comes to shareholders. |
| Secondarily, I find it depressing that there are companies who like to profit off of the task of applying for student loans. I suppose it's not that different from paying someone to do your taxes, but still depressing. |
God, I read that article (don't remember where) about how they contorted themselves to avoid dumping Epstein. |
If I came on DCUM and said scammed of $150 by a sketchy eBay seller and mentioned that I owned a house valued at million dollars, you’d say “cry me a river, and do your due diligence next time.” This is the equivalent of that. That is my point. |
And I am saying that a publicly traded company can't afford to just lose 2% of their revenue. They have a fiduciary duty. Are you a publicly traded company? |
cOrPoRAtiOnS aRE pEoPlE, except when they’re not |