How to bribe/payoff the New York City Police Department... The JPMorgan Chase way...

New York City Police Foundation — New York

JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD's main data center.

New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing "profound gratitude" for the company's donation.

"These officers put their lives on the line every day to keep us safe," Dimon said. "We're incredibly proud to help them this program and let them know how much we value their hard work."

[Webmaster - I got this link from Alan Watt / CuttingThroughTheMatrix.com]

Comin' this summer... $5 gas

New York Post

The forecast for the summer driving season: Hit the road early. Not to beat the traffic, but to beat the higher gas prices expected in mid-July.

Goldman Sachs' crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a gallon in New York just like the summer of 2008 that preceded the recession.

Indeed, analysts say Goldman and the other oil trading giant that also has the might to move prices, JPMorgan Chase, have already placed their energy bets for the summer. JPMorgan predicts oil hitting $130 a barrel in the coming weeks...[Full Article]

JPMorgan profit leaps nearly 80%

NEW YORK (AFP) – US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year.

Reporting solid performance across most business areas, the New York-based bank's profits included 1.5 billion dollars that had been set aside to cover bad loans.

"We continue to aggressively do all that we can reasonably and responsibly to contribute to the economic recovery," said CEO Jamie Dimon.

Earnings were "partially offset by a charge of 550 million dollars for the UK bonus tax," said Dimon, adding that upcoming US financial reform also posed potential pitfalls for the firm.

"Many challenges and uncertainties remain which may result in unintended consequences for our clients, the markets and our businesses," he said.

"Increased focus is critical in order to implement these reforms in a way that protects consumers and the competitiveness of the US financial system."

JPMorgan is the first large US bank to report second quarter earnings...

[Full Article]

JPMorgan Chase Books $3.3 Billion Profit

NEW YORK (CNNMoney.com) -- JPMorgan Chase showed it was close to making a full recovery from last year's crisis after the company reported better-than-expected quarterly profits of $3.3 billion Friday.The New York City-based banking giant also revealed that compensation expenses climbed 18% during the year to $26.9 billion, much of which is expected to doled out in the form of bonuses...