JPM desperate to defend losing position on CDIs

Quote from sle:

Banks (as probably all large corporations) have a unique structure where you don't need to be a good professional to become a manager.

Large tech companies are the same. Big organizations - public, private or mixed - are all generally equally inefficient and non-meritocratic.

It's in our nature to organize in that manner...
 
Should have pointed out that article is dated April6, posted it more for the mechanics of the trade than timely info. They wanted more info, guess they have some now.
 
Quote from noob_trad3r:

So it could be 100 billion. Wow that would definitely be a problem. I bet they would get bailed out again though.
It not going to be 100 yards, not nearly since they have a spread position on. I would say 7ish yards is their max loss - the curve can only go that steep.
 
Quote from Banjo:

Should have pointed out that article is dated April6, posted it more for the mechanics of the trade than timely info. They wanted more info, guess they have some now.
Thats not really what they are doing, though.
 
Quote from atticus:

DoS attack on tube8 caused the to take a look at JPM. Too early to go to lunch.
dude, please don't do that! some people did not know what tube8 is and pasted it directly in the browser...
 
Quote from sle:

dude, please don't do that! some people did not know what tube8 is and pasted it directly in the browser...

mea culpa. I thought the pron inference was enough to tip-off the unsuspecting.
 
Quote from atticus:

Drew and iksil were lifting offers in an attempt to pad their marks that you have to assume that this could approach 10x their stated losses.

Meant 10x the stated $800MM.
 
Quote from newwurldmn:
Waiting for the call from compliance?
no, it was blocked and i can claim it was a typo ... my junior told me that I am missing a lot of interesting things in life if i don't know what this is
 
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