Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
if you fastforward that video to ~6:30, he addresses this topic exactly.
Unfortunately, they all keep using the generic phrase "institutional" investors. Basically, that is the govt.
JPM and GS are shareholder controlled by govt. They in turn are part of the control of 80% of global revenue. I don't think some very important issues are being discussed here. There seems to be a push for more central control. That is how we have the system we have.
Anytime you have layers and complexity, you have lack of transparency. Really I think we need more transparency and accountability. The corporate model is designed to subvert these 2 areas. Though one way or the other, that maybe what is occurring.
Look at this list. Same players keep showing up. Look at who is the controlling shareholder.
quote:
"In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network," says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
Millions of foreclosures are still going on the books of the banks... the government is still buying toxic assets with 85 billion dollars a month of borrowed money and guess who has to pay the bill.. the tax payer! We are past broke and I don't see any way we are going to get out of this mess..it is too big and too late.. Obama just masked the huge problems and then he makes it worse with passing Obamacare onto the people.. we are a nation that is living on borrowed money and the next generations will be broke trying to pay off this debt plus their Obamacare bill and their school loans... forget about it... there is no future of wealth here anymore.. the American dream has been crushed by government debt caused by the people who bought too much house they couldn't afford and Larry Summers who Obama wanted as the new fed chairman.. Larry Summers is the one who through legislation allowed everyone to buy a house.. all you had to do was sign on the dotted line... no job, you get a house, poor , you get a house. One could live under a bridge and sign the dotted line.. it was that bad.. Foreclosures are still coming ..
It is almost 6 years since the foreclosure crisis came to be.. in just one city .. Orlando , Florida there are 16 thousand foreclosures listed on Trulia.. that does not count for the short sales that many banks are now allowing to sellers just to keep more foreclosures to go on the banks books..
Look at the link.. this amount of foreclosers was the same a year ago..and now they have short sales to get rid of property.
We are in big trouble and the crisis is still here.. Obama has been a terrible president and this economy is getting worse.. wait till Obamacare kicks in!
Millions of foreclosures are still going on the books of the banks... the government is still buying toxic assets with 85 billion dollars a month of borrowed money and guess who has to pay the bill.. the tax payer! We are past broke and I don't see any way we are going to get out of this mess..it is too big and too late.. Obama just masked the huge problems and then he makes it worse with passing Obamacare onto the people.. we are a nation that is living on borrowed money and the next generations will be broke trying to pay off this debt plus their Obamacare bill and their school loans... forget about it... there is no future of wealth here anymore.. the American dream has been crushed by government debt caused by the people who bought too much house they couldn't afford and Larry Summers who Obama wanted as the new fed chairman.. Larry Summers is the one who through legislation allowed everyone to buy a house.. all you had to do was sign on the dotted line... no job, you get a house, poor , you get a house. One could live under a bridge and sign the dotted line.. it was that bad.. Foreclosures are still coming ..
When you look at what went on then you can see how this all ties into the investment funds and derivatives. No coincidence that the same players show up and the shadow banking also took off at the same time.
Human resources and changes in the 90's along with major changes in global markets, i.e. derivatives via Gramm–Leach–Bliley Act (Also known as Financial Services Modernization Act of 1999), Commodity Modernization Act,(2000)etc...
Housing bubble and mortgage changes. Shift in the market if you are going to offshore manufacturing. The start of the leveraging and building of those derivatives also via credit and MBS's. Timeline of the United States housing bubble
Interesting number they estimate right before the collapse. Very close to the same amt that just JPM held as derivatives. Some amazing numbers.
WhatisJPMorganChase? - My Common Sense Politics
quote:
JP Morgan Chase, as of March 31, 2008, was holding 89.99 trillion ($89,997,271,000,000) in derivatives. These were mostly government futures (bets on future prices). 89.99 trillion!!!!
JP Morgan was holding more in vapor (fiat debt) than the total GDP of the Earth for 14 months. Yep, does anyone really not think these corporations aren't pulling the strings? No wonder nobody went to prison.
Heh, Walmart is #15... at least they actually do more than move money around.
JP Morgan was holding more in vapor (fiat debt) than the total GDP of the Earth for 14 months. Yep, does anyone really not think these corporations aren't pulling the strings? No wonder nobody went to prison.
Well don't forget JPM is shareholder controlled by the govt. That link discusses that. I haven't looked at the latest totals, it had gone down to like 70 trillion, but that isn't including the other banks. They have just finalized Basel III, which could have big effects on the amounts. They did a great deal of derivative clearing. Basel II had just been finalized less than a year, iirc before Lehman's collapse. Look at when Basel II was being tied up. Nov...
Since Basel III is finalized I would not be surprised if someone lost their seat. We shall soon see the effects.
Well I looked 1Q 2013. For US contracts are up according to OCC after some decline. The total for US commercial banks is reported at 232 trillion. 4 banks hold 93% of all derivatives.(JPM, Citi, Bofa, GS) JPM looks at a little over 70.
Well sure...when you have overly regulated or too policy heavy governments, economies are driven into shadow markets. That has been an economic reality for hundreds of years.
I've got to laugh out loud at this one.
Nice try.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
