"There's nothing wrong with asserting your privacy. Privacy is as apple-pie as the Constitution," wrote Philip Zimmerman in 1991, the creator of Pretty Good Privacy (PGP), the most widely used email encryption software in the world.
The Obama brain trust in Chicago recently rolled out its new campaign slogan: “Forward.” If the president’s most extreme detractors had wanted to give him a rallying cry more freighted with leftist baggage, they could not have done better.
So why all the secrecy and clandestine underground and underwater activity? Is Armageddon coming? Is the Apocalypse right around the corner? Do the clandestine movers and shakers inside the military-industrial-espionage complex know something that the rest of us don’t? Are we like lemmings unwittingly flocking toward a sheer precipice whose existence we do not evenly dimly suspect?
JP Morgan Chase is part of an entwined system of too-big-to-fail institutions that are ripping us off.
This is the story of what happens when an average couple is up against a giant, wealthy, powerful bank. Norman and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the brink of homelessness. On Sunday, desperate and with nowhere to go, Norman Rousseau shot himself.
Consider $2 billion lost on a bad bet, plus billions more as investors dumped the stock, a providential warning. When Jamie Dimon, the imperious head of JPMorgan Chase, revealed that the bank had lost so muchon a derivatives trade gone bad, it was clear warning that, four years after blowing up the economy, the big banks are still playing with bombs.
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