FAQ  |  Search  |  Memberlist  |  Usergroups   |  Register  |  Profile  |  Log in to check your private messages  |  Log in 

 JPM View next topic
View previous topic



Post new topicReply to topic
Author Message
bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

JPM
PostPosted: Fri May 11, 2012 12:14 am Reply with quoteBack to top

the deity known as Jamie Dimon has just shown he is a mere mortal after all ...

is this the beginning of the end? stay tuned ...

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
View user's profileSend private message
achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: JPM
PostPosted: Sat May 12, 2012 1:05 am Reply with quoteBack to top

Wonder if Corzine is willing to share his Teflon ...

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
View user's profileSend private message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: JPM
PostPosted: Tue May 15, 2012 3:49 pm Reply with quoteBack to top

IMHO this is somehow a designed incident that will play out in the banksters interest. My tin hat says that the MF Global $1.5B and this new $2B is somehow in obummers campaign cash as we speak...

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: JPM
PostPosted: Tue May 15, 2012 7:17 pm Reply with quoteBack to top

So, here's my theory:

Jamie Dimon claimed that they "just found out about this" ... what if that's a lie, and they have known about it for a LONG time ... what if that payment JPM demanded from MF at the 11th hour (the 'segregated' customer funds) was because Jamie knew about these losses and taking additional losses from MF Global's collapse would have put them under - and probably taken the entire financial system with it. Heck, if that senario is true, the whole 11th hour funds transfer could have even been coordinated by Bernanke & Timmy -- or if not 'by' them, at least with their blessing.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912


Last edited by bdc63 on Wed May 16, 2012 10:50 am; edited 2 times in total
View user's profileSend private message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: JPM
PostPosted: Tue May 15, 2012 8:08 pm Reply with quoteBack to top

Good theory enough. IMHO there is much behind the scenes. I still think that some of the MF Global cash that obummer's chief bundler Jon Corizine stole went to obummers campaign.

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: JPM
PostPosted: Wed May 16, 2012 4:14 am Reply with quoteBack to top

Not that the theory is unfounded, but the cash that JPM lost, is a fraction of what it was hedging to protect. 894 billion cash was hedged wrong.

JPM knew about the mess as soon as the story started to leak about the Whale and his market moving trades. Traders wer making tons betting against the Whale, as they knew "market forces" would be taking out the whale.

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


 Jump to:   


Merge topics 

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB 2.0.22-2 (Debian) © 2001, 2002 phpBB Group :: FI Theme :: All times are GMT