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Five Banks Control the U.S. Economy (Duh)


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2020 Apr 18, 9:34am   619 views  1 comment

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Americans Are Paying a Tragic Price for Allowing Five Banks to Control the U.S. Economy

https://wallstreetonparade.com/2020/04/americans-are-paying-a-tragic-price-for-allowing-five-banks-to-control-the-u-s-economy/

JPMorgan Chase announced it won’t be making any further home equity loans after two days prior announcing that it is raising its borrowing standards for new home mortgages by requiring a credit score of 700 or higher and a 20 percent down payment. So let that sink in for a minute. JPMorgan is currently paying dividends of 90 cents per share per quarter on just over 3 billion shares for an annual payout of $10.98 billion to its shareholders but it can’t find the cash to make home equity loans to the 22 million Americans who have lost their jobs over the past month.

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1   HeadSet   2020 Apr 18, 9:58am  

home equity loans to the 22 million Americans who have lost their jobs over the past month.

Is there some kind of mortgage payment moratorium in place or in the works?

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