Submitted by Tyler Durden on 07/13/2012 16:39 -0400
CDS
JPMorgan Chase
This is what the bank, that just admitted to mismarking hundreds of billions in CDS with no civil or criminal consequence for anyone involved, says about integrity:
Our integrity and reputation depend on our ability to do the right thing, even when it’s not the easy thing. The Code of Conduct is a collection of rules and policy statements intended to assist employees and directors in making decisions about their conduct in relation to the firm's business. The Code is based on our fundamental understanding that no one at JPMorgan Chase should ever sacrifice integrity -- or give the impression that they have -- even if they think it would help the firm's business.
And here is the JPM "flow chart of ethics"
For those curious, here is the William Banzai'ed version:
http://www.zerohedge.com/news/friday-humor-jpmorgan-code-conduct?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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