Home > Uncategorized > Profits?! Maybe, They Can Pay Us Back Now

Profits?! Maybe, They Can Pay Us Back Now

JPMorgan Chase Reports Strong Profit of $3.6 Billion
JPMorgan became the first of the nation’s biggest banks to report its third-quarter earnings. While this maybe some good news for the economy, it brings up some ethical issues. Now that they have 3.6 Billion in profit, I for one believe they should pay back the bailout money they received. The same applies to any company that received bailout funds, as soon as they start posting profits, they should be legally required to payback the taxpayers.

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Categories: Uncategorized
  1. mbrooke
    October 14, 2009 at 7:50 pm

    the chances of bank paybacks are clearly not going to happen anytime soon. its wonderful that this bank is making a profit but why would they feel the need to pay it back? Havent other companies gotten bail out money, only to give large bonuses and vacations to its employees? If they havent paid back all this wasted money i can only imagine JPMorgan would keep whatever profits they make to fall back on if things get worse.

  2. twinpate
    December 7, 2009 at 2:25 pm

    I think the chances of banks paying back these loans is slim to done. However, I think the govt. likes this idea because as the banks start to rebound it gives the govt. more control of banking in the United States, which will in turn give the more control over the money supply in the United States and foreign entities that bank in these governmentally owned banks.

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