On JP Morgan: Fines, Corruption and Gauging Aside Why Should They Be In New Zealand

Aotearoa: A Wider Perspective

On the 1th of October 2007 a bank opened in New Zealand. It wasn’t open for the general public and would only supply money for big stuff and the big boys. It’s name? JP Morgan Chase!

I was announced in the MSM with the smallest of fanfare and I only picked up on it because I was blogging about John Key and NZ’s connection to the international financial world. It exactly one year before the elections which brought “Ex” Wall street banker John Key to power.

Last week a former JP Morgan Chase employee, a New Zealand trader was charged with attempting to manipulate LIBOR rates and the entire bank is constantly having to pay huge fines because they are involved in some of the most pernicious criminal and corrupt practices the world has ever seen.

But that is OK according to CNBC because they make truckloads of money. it’s…

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2 thoughts on “On JP Morgan: Fines, Corruption and Gauging Aside Why Should They Be In New Zealand”

  1. “In February 2015 the Superfund wrote off a $150 million loss in a Goldman Sachs organised loan to the Portuguese Banco Espirito Santo.”
    The fund like the other funds (ACC) basically is the wealth of the people of NZ being taken by the Crown and invested in what they want to enrich the urber rich .01%.

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