comment: >
  
  So basically, they took a product they owned, made it appear to be worth more than it actually was, and passed it off to an unsuspecting buyer who only later figured out it wasn’t worth what they paid for it?  Given their experience at doing exactly this to others, I’m surprised they didn’t recognize it earlier.
context: How to fake 4 million clients >
  
  John Smith, John Smythe, Jon Smith, Johnny Smith, etc. >
  
  John Jacob jingleheimersmith. >
  
  My Bologna has a first name,
  It's O-S-C-A-R.
  My bologna has a second name,
  It's M-A-Y-E-R. >
  
  What's your Bologna's first pet's name, and what street did it grow up on? So we can figure out its stripper name. >
  
  Coincidentally, both are Weiner. >
  
  Carlos Danger >
  
  "[T]o cash in, Javice decided to lie, including lying about Frank's success, Frank's size and the depth of Frank's market penetration in order to induce [JPMorgan] to purchase Frank for $175 million," the bank alleges in the complaint."
  Frank lying about fame, size, and penetration... >
  
  Don't we all... >
  
  The first line of the article says it all - "24 year old Ivy League graduate". 
  JPMorgan hires from a very selective pool. They saw the CV, many of their employees are Harvard or Wharton MBA grads who suffer from a tragic case of hubris, and dumped millions into this start-up without doing basic background checks. 
  It says a lot about the culture at JPMorgan - they don't even do their basic due diligence, yet they are entrusted with billions to invest... >
  
  I just watched the documentary about Madoff. I have no sympathy for JPMorgan.  They allow billions in fraud and get a good fingerwagging when they get caught. >
  
  This is why they don't do due diligence. They don't have to. Corporate socialism has removed all these risks from the banks even if they fall flat on their face taxpayers will give them infinite money to bail them out. >
  
  Don’t call it corporate socialism. Because it’s not what it is. Wealth transfer from the working class into the hands of the financial elite is a baked in feature of capitalism >
  
  Wait I remember being told the bankers aren't idiots. This right here is dumb fucking choice to have given some 24 year old "genius" millions without doing some goddamn research. 
  These are the people in charge of the money? >
  
  Why would they care? They'll just be bailed out and can claim fraud when they didn't do their due diligence. Then defraud the global financial system with repackaged debt and get a high five. >
  
  This right here. The wealthiest among us, the rich families, the trust fund babies, the tech bros, all of them are just people. Nothing special. The reason they succeed is because they can afford to fail as many times as it takes. And when an entire government positions itself in such a way to ensure you can't fail as long as you tow the line, well, that does shit to a person's head. That's where you get your SBFs and Lehmans: folks far removed from the consequences of their actions