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THE UNITED STATES’ biggest bank JP Morgan Chase was forced to cancel a Twitter Q&A planned for today after a rake of negative and markedly sarcastic tweets from the public using the hashtag #AskJPM.
The bank announced the Q&A on its Twitter account yesterday:
Jimmy Lee had worked on Twitter’s initial public offering which may be why they thought this would be a good idea.
However the bank has been the subject of much controversy having been handed a whopping $30 billion in fines and legal costs over the last four years. Most recently the banking giant was fined a record $13 billion in a bid to settle an investigation into bad mortgage loans the bank sold before the financial crisis hit.
The backlash on Twitter was merciless:
The bank’s PR team soon realised it was not the clever idea they had originally thought and now it’s “back to the drawing board” for them.
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Last time I saw that happen was here with a BOI Insurance sponsored story. It came up late at night and in minutes all the comments lashed out at the bank. In an hour the article went away quitely in the night.
Bankers really do not know how much they are hated.
Sure what did they expect being financial terrorists and all
Financial terrorists, good one!
Freedom fighters
JP Morgan have destroyed a lot of countries in the world, greedy sons of b****es that will stop at nothing for more wealth. They are one of the 14 banks in the us that own the FEDThey own companies all over the world. There the biggest shareholders in BP, and a number of key mining and oil companies. They don’t just do banking. They are corrupt and trade inside illegially. They cause more misery in the world than some of the worst governments.
Well said ned, its been pushed by some countries and companies that the dollar should end as a world reserve currency. This would put a major obstacle in the way of JPM and the corrupt federal reserve. The dollar has been washed away to the extent its not even worth paper and the only way to keep it as a world reserve is corrupt low tactics.
They also funded the Nazis. Their major shareholders are the puppet masters.
if you’ve seen the movie “wall street” made in 1987. At the very start the first lines of the movie are “The biggest mistake we ever made was letting Nixon get off the gold standard”. This refers to 1972 when the dollar was backed by gold,
To explain after WW2, the dollar was the world currency and if you had a dollar bill the US Federal Reserve would of given you gold instead of your dollar bill if you wanted to cash it in. The Nixon shock was when france wanted to cash in the dollars they had for gold and the US FED didn’t have enough gold to give them.
The Nixon shock was when he convinced the middle east countries to trade oil for dollars only. saving the dollar and creating the petrodollar. Since then the only value dollars have are the paper there printed. the dollar is going to crashing down. like MrKnow said its only worth paper…
Russia have introduced a bill to ban dollars from use in the country. Many more countries are following suit. The dollar is dying………… But you won’t find that news on the Journal or any other irish or UK media sources.
@Dairmuid very well said, a lot of people don’t understand how the petrodollar works, when we hear about the fall of saddam and gadaffi we hear the bull that the western media feed us! But their is a way bigger story to why these leaders and their countries fell and thats why the petrodollar needs to end.
Russia and china are being slammed because of their calls for the US dollar to end as a world reserve and their (especially russia) plans to ban dollars and the depending if it to trade. They know the dollar will eventually end its domance and if economy’s around the world don’t prepare they will crash with the dollars eventual end.
China is thought to have the biggest stock of gold, they also own the biggest percentage of American dept. By all right the yen should be a world currency because they can backup their dept, don’t see why the world should suffer economic disaster because the US wants the dollar as a world reserve.
No doubt we will see more sabotage and sanctions put on countries that threaten the dollars role in the world, I suspect Russia, china and the US will enter a eco war to change things. I also think the free trade with Europe is too little too late and will impact Europe in a negative way when the dollar falls from glory.
People have different theories on this and rightfully so, thats just mine.
I love them and have shares :) they make me money and at the end of the day that’s all that matters.
JP Morgan, only outdone for cheating, manipulating and stealing, by Goldman Sachs.
A book well worth reading : Money and power : How Goldman Sachs came to rule the world.
“From the outside, Goldman Sachs is a perfect company. The Goldman PR machine loudly declares it to be smarter, more ethical, and more profitable than all of its competitors. Behind closed doors, however, ! etc, etc”
Author , William Cohen worked on Wall Street for 17 years.
JPM
S C U M of the earth
Just check out the total in fines over just the last few years, for FRAUD and market manipulation.
What did they expect ??
A group hug ?
#fail
A rake?
What’s the conversion rate for the rake? How many rakes to the pile?
Shouldnt bother interacting with the nobody keyboard warriors. Don’t interact with those beneath you they are simply inferior and worthless
Well done Kenneth posted like a real “keyboard warrior”
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