{"id":1885,"date":"2013-10-24T09:23:47","date_gmt":"2013-10-24T09:23:47","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=1885"},"modified":"2013-10-24T09:23:47","modified_gmt":"2013-10-24T09:23:47","slug":"wall-street-taking-more-money-out-of-your-pockets","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/wall-street-taking-more-money-out-of-your-pockets\/","title":{"rendered":"Wall Street taking more money out of your pockets"},"content":{"rendered":"<p>Apparently a bunch of Wall Street executives is suing JP Morgan for a few billion, alleging fraud concerning sub-prime mortgages.\u00a0 This happened to AIG too.\u00a0 The trouble is that the executives who committed the fraud are not indicted and have suffered little if any consequence of their alleged criminal fraud.\u00a0 It is the people owning the shares in these companies that are getting penalised.\u00a0 As well as executives with share options and &#8220;old money&#8221; holdings, many of JPMorgan shareholders are pension funds and retirees an Occupy Wall Streeter might be looking out for, as <a href=\"http:\/\/www.businessweek.com\/articles\/2013-10-23\/wall-street-seeks-justice-from-wall-street?\">Sheelah Kolhatkar<\/a> of Bloomberg Businessweek notes.\u00a0 The fines, if any come out of the value of the shares of\u00a0 JPMorgan and go to other fiduciaries, who were probably complicit in the fraud given the way the industry works.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apparently a bunch of Wall Street executives is suing JP Morgan for a few billion, alleging fraud concerning sub-prime mortgages.\u00a0 This happened to AIG too.\u00a0 The trouble is that the executives who committed the fraud are not indicted and have suffered little if any consequence of their alleged criminal fraud.\u00a0 It is the people owning &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/wall-street-taking-more-money-out-of-your-pockets\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">Wall Street taking more money out of your pockets<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[],"class_list":["post-1885","post","type-post","status-publish","format-standard","hentry","category-worldofmoney"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-up","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=1885"}],"version-history":[{"count":1,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1885\/revisions"}],"predecessor-version":[{"id":1886,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1885\/revisions\/1886"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=1885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=1885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=1885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}