- Oct 25, 2016
- Reaction score
Did you forget about the government bailouts already?You are correct they'd rather it be paid back but they will be bailed out if it doesn'tLending it? Or creating debt out of thin air and banking the interest?They must be hooked in to all those green companies. But, so many of you have said that spending trillions fighting AGW would destroy the US economy. How can JP Morgan do well if the economy is destroyed. Why aren't they rejecting this whole global warming thing like the rest of you skeptics? They must have consulted experts out the wazoo. Didn't the experts tell them it was all a left wing lie? I don't get it. But I'm sure some of you will explain it to me.
"JPMorgan Chase (JPM) is putting serious firepower behind the fight against climate change. The bank on Thursday said it would finance or facilitate investments of $2.5 trillion over 10 years to support initiatives that focus on combating climate change and enhancing sustainable development. Some of the efforts will center around renewable energy, new clean technology, waste management and conservation. The announcement is the latest addition to a long list of environment-focused pledges from financial institutions, but it's believed to be the largest of its kind by a major bank."
A consensus appears to be taking root in Corporate America: What's good for the environment can also be good for business.www.cnn.com
JP Morgan commits to spend $2.5 Trillion
Lend, not spend.
But, so many of you have said that spending trillions fighting AGW would destroy the US economy.
Nah, wasting money on more expensive, less reliable energy won't destroy the economy.
It's just a waste.
They don't care if it loses money. Privatized profits and socialized losses.
They don't care if it loses money.
Privatized profits and socialized losses.
How does that work?
Nobody is going to give them their money back if a loan defaults.