You can’t fix stupid. No, Jamie, you can’t reverse the Brexit!

 Zerohedge:

Dimon’s next comment, as reported by Bloomberg, is the key – Dimon was discussing the results of Brexit and specifically the use of the “passport rule” which currently enables companies with operations in the UK to sell their services to the other 27 nations in the bloc. If the UK can’t win continued use of the passport rule, Dimon said he would be “forced” to consider shifting his 16,000 UK-based staff…

“If we have that passport after Brexit, we likely would not have to make any change at all. But I think the European Union will not accept that. It will put more conditions on the UK and might force banks to become smaller in London.”

However that wasn’t the end, that was actually Dimon setting himself up for this amazing comment – suggesting that Brexit…

Mortgage Companies Seek Time Travelers to Find Missing Documents

By William Hudson

Expecting the United States Government, a for-profit entity, to enforce its own laws against the banks will likely not happen. Numerous leaders and officials of the United States Inc. have already admitted that the banks write the rules. Since the 2008 collapse-the lack of response, the gross violations of due process and the overall impotence of the judiciary, law enforcement and regulatory agencies clearly demonstrates who the U.S. government caters to- and it is not the American homeowner or taxpayer.

Although law does not, at the present time, regard official or governmental corruption as a human rights violation there can be no doubt that inside corruption is as life altering an event as rape, robbery, discrimination or other acts deemed to be illegal and against public policy. Allowing a bank with no standing that has not paid a dime for a property, to foreclose with fabricated documents…

Law360, New York (July 1, 2016, 11:00 PM ET) — Citibank NA, Bank of America and dozens of other financial institutions were hit with a putative class action in New York federal court Friday by investors alleging a “massive conspiracy” to rig the prices of financial derivatives linked to Singapore’s benchmark interest rates.

The suit filed Friday by FrontPoint Asian Event Driven Fund and Sonterra Capital Master Fund stems from an investigation by the Monetary Authority of Singapore that found that 133 traders at 20 banks around the globe had attempted to manipulate submissions used to…

Source: Law360

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