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JPM controls 15-20% of the US economy. I see no reason to investigate........ Although it was nothing but a dog and pony show.
Absolutely, NM we are the govt bank. Dog and pony shows make good distractions.
Create a "problem" like Enron then the same people that created the problem offer a "solution" which is usually much worse than what was previously there.
no bailout for anyone ever. They still make a huge profit so whats the problem. This is more fake outrage to fool the sheep to think they are doing something
Its was the usual dog and pony show of congrsssional hearings. thsi time tho it just showed that the people making the regualations really shouldn't be doing it as they looked like idots in comparison. Embrassing really.Jusdt looking at the SEC in regualting Maddoff shows what govern is not capable of. They were written giving reaso why he was running a scam. Yet they didn't even seeif he was trading ,which would ahve blown the scam.They cost billions by this simple incapailty. These are same people inveating our tax dolalrs i solar failures also.
Well if you look at what could be happening w/ IR Swaps, the govt does have good reason to investigate and be concerned.
Since the govt is the controlling share owner of JPM calling it "private" is inaccurate in my view. JPMs losses seem to be larger than initially reported.
Maybe JD will end up being a fall guy, like Maddoff. The rich get away with it until they rip off the rich.
quote:
A great urgent need has come for a rally to 1.5% in the TNX (10-year USTreasury yield) in order to save the IRSwaps from implosion. The Tower of Babel is teetering. A bond rally would thus render the tower wider at the base. The final losses will be in the hundreds of $billions in the next several months, eventually possibly to top the $1 trillion mark by next year. My source from Europe wrote, "An event driven chain reaction has been triggered deep inside the system, with Interest Rate Swaps at the center. This has already gone viral. They will have to trigger some mega-crises, most likely in Europe & Greece, as a diversionary tactic. They need to have something to blame things on. Once Greece implodes, so will the big French banks and likely some Italian banks. It is all so obvious and predictable."
Well if you look at what could be happening w/ IR Swaps, the govt does have good reason to investigate and be concerned.
Since the govt is the controlling share owner of JPM calling it "private" is inaccurate in my view. JPMs losses seem to be larger than initially reported.
Maybe JD will end up being a fall guy, like Maddoff. The rich get away with it until they rip off the rich.
quote:
A great urgent need has come for a rally to 1.5% in the TNX (10-year USTreasury yield) in order to save the IRSwaps from implosion. The Tower of Babel is teetering. A bond rally would thus render the tower wider at the base. The final losses will be in the hundreds of $billions in the next several months, eventually possibly to top the $1 trillion mark by next year. My source from Europe wrote, "An event driven chain reaction has been triggered deep inside the system, with Interest Rate Swaps at the center. This has already gone viral. They will have to trigger some mega-crises, most likely in Europe & Greece, as a diversionary tactic. They need to have something to blame things on. Once Greece implodes, so will the big French banks and likely some Italian banks. It is all so obvious and predictable."
What are you drinking;I want to stay clear of that stuff.
Why would Congress want to look into Large Financial firm doing the same thing that led to the near collapse of the US Economy just a few years ago anyway? It's not like it could have any impact on the American people or anything, huh?
Yea, they get a pass for raping and pillaging, committing financial fraud and felonies, and are blameless according to some.
Absolutely, NM we are the govt bank. Dog and pony shows make good distractions.
Create a "problem" like Enron then the same people that created the problem offer a "solution" which is usually much worse than what was previously there.
What are you drinking;I want to stay clear of that stuff.
LOL.
Contemplate why the govt is all over this, but swept everything else, including MF under the rug. That quote is from this article. Think some "interesting" stuff could be on the way. Bound to be a "show".
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Although it was nothing but a dog and pony show. 
