Central banks worldwide have been quick to dismiss bitcoin and other cryptocurrencies as legitimate currencies. Instead, they view them as any other asset and they would be either subjected to a value added tax (VAT) or capital gains. However, central banks themselves might enter into … [Read more...]
Banksters (JPMorgan) continue their assault to undermine Bitcoin to no avail
It's understandable: bitcoin could very well be competition to Visa, PayPal and traditional fiat currency. That’s why those on Wall Street and central banking officials have been on the defensive in the past few months when it comes to cryptocurrencies. From Jamie Dimon to Alan … [Read more...]
JPMorgan, Wells Fargo Post Third quarter Profits
JPMorgan Chase & Co. and Wells Fargo & Co. released third quarter earnings today—the first major U.S. banks to post quarterly figures this month. As analysts expected, both companies posted strong growth compared to weak numbers a year ago. … [Read more...]
Dimon Says JPMorgan 2008 Purchase of Bear Stearns was Favor to Fed
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon addressed the lawsuit filed against the company last week by the New York attorney general when speaking at a Council on Foreign Relations event in Wasington, D.C. today. Dimon lashed out at the government for alleging Bear … [Read more...]
JPMorgan Sued for Bear Stearns Fraud
New York Attorney General Eric Schneiderman, in conjunction with the newly-formed Residential Mortgage-Backed Securities Working Group—created by President Obama to hold Wall Street agencies accountable for misconduct related to the nation’s financial crisis—has filed a civil lawsuit … [Read more...]
