• News/Commentary

    Reality Zone Unfiltered News 2011 January 8-14

    JP Morgan-Chase bank says its net income jumped 47% in the fourth quarter of 2010, and that executive salaries in their home-loan division tripled from $549 million to $1.8 billion since last year. CEO Jamie Dimon says that hurdles are high for investors who want to force banks to buy back bad loans, and this will be vigorously opposed in court. Yahoo 2011 Jan 14 (Cached) US: Treasury announces it will sell warrants it holds in Citigroup and 2 smaller banks to raise money to repay the $700 billion bailouts. It claims it will make $12 billion on its $45 billion bailout of Citigroup. [We are getting tired of having…