Crime Lord: JP Morgan’s Computer A.I. has a Hit List?

A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013.  REUTERS/Mike Segar
JP Morgan and Jamie Dimon are known criminal liars, manipulators, fraudsters, banksters and suspected murderers!

JPM’s Surveillance Unit

Things that make you go Hmm…
Rogue institutions have surveillance programs and now Jamie Dimon approves a surveillance program?
Thus, when they ask us to believe their newest tale of a software algorithm that can police their bankster activities and rout out the latest rogue trader, we call BALDERDASH!
It is highly probable that the “predict patterns of behavior” spyware, A.I., will be capable of compiling a hit list and be part of a international spy network identifying espionage targets, or potential snitches, and do-gooders for termination. After-all, the whistleblowers are a risk to their nefarious plans. ~Ron
JP Morgan's CEO Jamie DimonFox guarding the hen house…

Balderdash, JP Morgan!

Posted 9 Apr 2015

JPMorgan Algorithm Knows You’re a Rogue Employee Before You Do

JP Morgan Banking on Tech to Curb Legal Costs

Wall Street traders are already threatened by computers that can do their jobs faster and cheaper. Now the humans of finance have something else to worry about: Algorithms that make sure they behave.

JPMorgan Chase & Co., which has racked up more than $36 billion in legal bills since the financial crisis, is rolling out a program to identify rogue employees before they go astray, according to Sally Dewar, head of regulatory affairs for Europe, who’s overseeing the effort. Dozens of inputs, including whether workers skip compliance classes, violate personal trading rules or breach market-risk limits, will be fed into the software.

“It’s very difficult for a business head to take what could be hundreds of data points and start to draw any themes about a particular desk or trader,” Dewar, 46, said last month in an interview. “The idea is to refine those data points to help predict patterns of behavior.”
JP Morgan’s surveillance program, which is being tested in the trading business and will spread throughout the global investment-banking and asset-management divisions by 2016, offers a glimpse into Wall Street’s future.
[Read full report]
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You know times are weird on Wall Street when JPMorgan CEO Jamie Dimon devotes a good chunk of his shareholder letter, released yesterday, to fretting about whether there will be enough Treasury notes to go around in a safe haven stampede during the next crisis. –wall street parade

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4 comments on “Crime Lord: JP Morgan’s Computer A.I. has a Hit List?
  1. RonMamita says:

    JPMORGAN’s Version of the Minority Report’s A.I.?

    In a future where a special police unit is able to arrest murderers before they commit their crimes, an officer from that unit is himself accused of a future murder.

    That was fiction, this is fact:

    SPECIAL REPORT: Police Pre-Crime Algorithm Uses Social Media Posts Against You in Real-Time

    IN THIS VERY IMPORTANT TRUTHSTREAM MEDIA SPECIAL REPORT:

    We have finally reached the moment where Orwell’s nightmare in 1984 meets the movie Minority Report. We’re living there right now.
    And, astoundingly, we still hear people saying “Well, I haven’t done anything wrong, so I don’t have anything to worry about.”

    Did you know that any time a police officer pulls you over or responds to your 9-1-1 call, he or she is using a pre-crime algorithm which assigns you a color-coded threat score based not just on your criminal background but on everything including “flagged” purchases and all your social media posts which may include any comments that may be construed as “offensive?”

    The officer will receive your color coding — red, yellow or green — before he or she ever even sees you based on factors you are not allowed to see or question. Guilty until proven innocent just got thrown completely out the window. Welcome to the modern era of big data and thought crime in Police State, U.S.A.

    Unfortunately, the path we are following does not lead to freedom, liberty or individual self-worth.

    It is a collective future. A fascist future. A corporatist future. A Sci-Tech dictatorship. A transcendent vision of perfectionism.

    In fact, call it whatever you want.

    Just don’t be deceived into believing any of it is ultimately in your interest.

  2. Shades of the East India Company that ruled India before the British took formal possession. They had their own military and police force – and their own surveillance network.

    • RonMamita says:

      I immediately thought of the movie: Minority Report As in JP Morgan’s network linked to “Skynet” CIA/NSA/FBI/GCHQ
      The A.I. algorithm has predictive programming – That means as your profile is filed in a category you and your associates can become targets…

      See this report:

  3. RonMamita says:

    Warren Buffett: Decisions on whether humans live or die will be left to artificial intelligence when self-driving cars become a reality

    http://nworeport.me/2015/04/02/warren-buffett-artificial-intelligence-will-decide-whether-humans-live-or-die/
    “It will be the computer that makes the decision in a nanosecond”

    Billionaire investor Warren Buffett says that the decision on whether humans live or die will be left to artificial intelligence when self-driving cars become a reality.

    Speaking at a forum hosted by the National Automobile Dealers Association, Buffett said that he thought self-driving cars wouldn’t be widely adopted for a long time but that when they were, moral considerations in traffic accidents could be taken out of human hands.

    “There’s some interesting questions. I mean, let’s just say you have got a self-driving car and you are going down the street and a 3-year-old kid runs out in front of the car and there’s another car coming the other direction with four people in it and the computer is going to make the decision as to whether to hit the kid or hit the other car,” said Buffett.

    “And I am not sure who gets sued under those circumstances, you’re going to kill somebody, and it will be the computer that makes the decision in a nanosecond and it will be interesting to know who programs that computer and what their thoughts are about the values of human lives and things,” he concluded.

    During the forum, Buffett also noted how safer driving would be bad for his insurance business and that he “would not be holding a party” if that came to fruition.
    The ethical conundrum of how a computer driven car would react in a situation where a traffic accident is unavoidable has been the subject of intense debate for years.
    http://robohub.org/an-ethical-dilemma-when-robot-cars-must-kill-who-should-pick-the-victim/

    The arrival of self-driving cars, which some predict could be on the roads within 10 years, has also prompted questions as to the fate of conventional vehicles.

    Last month, Tesla CEO Elon Musk predicted that in the future human-driven cars will be banned by authorities because they are “too dangerous”. http://www.infowars.com/elon-musk-self-driving-cars-will-be-banned-in-the-future/

    “You can’t have a person driving a two-ton death machine,” said Musk, before later clarifying that he wasn’t advocating the banning of human-driven cars, but that it could eventually happen.

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