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I'm adding to my JPM position tomorrow as well. At the current price, you're getting one of the best banks in the world dirt cheap AND the dividend yield is at almost 3.4%.
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.
The answer is in their balance sheet. Only 30% of their trading assets and AFS securities portfolio is in some kind of government-backed securities or CDs.
While not necessarily illegal, this kind of exposure is clearly inappropriate for a deposit-taking bank. Consequently, they need to hire clever traders like Ina Drew to play around with derivatives to manage inordinate risks.
BB&T will not hold this kind of a balance sheet, so why should JPM? The answer is simple - to pay outrageous salaries to its executives.
Who will still get that salary win lose or draw, often with no reprocussions.
why is it the government's business what a private company does with its money? the important thing is the transparency and that investors know what happened. then its up to them if they wish to punich chase or not.
why is it the government's business what a private company does with its money? the important thing is the transparency and that investors know what happened. then its up to them if they wish to punich chase or not.
Lol. Thats funny, investors doing anything other then bending over.
why is it the government's business what a private company does with its money? the important thing is the transparency and that investors know what happened. then its up to them if they wish to punich chase or not.
Because corrupt companies like this need GOVERNMENT BAILOUTS to fatten their pockets and cover up their lies.
why is it the government's business what a private company does with its money? the important thing is the transparency and that investors know what happened. then its up to them if they wish to punich chase or not.
It's not investors who are most at risk. It's the depositors. With only a third of its securities having government support, JPM is effectively a trading shop disguised as an S&L bank.
It's not investors who are most at risk. It's the depositors. With only a third of its securities having government support, JPM is effectively a trading shop disguised as an S&L bank.
if it is the depositors that are at risk, then FDIC is insuring these deposits if they fall within FDIC limits.. Maybe this is why the fed is getting involved.
If they are insuring and covering any potential risk, there must be some rules in place to prevent failure and mitigagte the need for the FDIC to give the depositors their money because the bank made bad investments and ran out of money that belonged to the depositors .
It's not investors who are most at risk. It's the depositors. With only a third of its securities having government support, JPM is effectively a trading shop disguised as an S&L bank.
i dont believe this situation puts deposit money at risk. however, if that is the case then the rates chase pays for the FDIC coverage should be increased.
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