JPM Guilty of Grand Theft w/Fed Reserve as Accomplice

[crgarcia]

Quote from Kingofposters:

The answer seems pretty simple to me. The fed was not willing to loan to the same people that destroyed bsc. They are willing to lend to the other banks because it is not yet clear that the others have destroyed themselves.

Nobody else destroyed Bear Stearns.

They destroyed themselves by issuing massive mortgage debt to people who couldn't pay.

 

[ByLoSellHi]

Quote from Don Bright:

Very interesting, somewhat "opinionated" - but very valuable. In fact I'm going to be sure that many of my traders watch it.

It doesn't quite match up with the way I learned it, but what really does these days.

(Creature from Jekyll Island)

Don

Someone here turned me on to Creature from Jekyll Island, and I will be forever grateful. One of the best reads ever! Completely altered my attitude about the matrix.

 

[ByLoSellHi]

Quote from longterminator:

so you are long the 10 straddle?

lt, I'm loaded to the gills with $7.50 calls and $2.50 puts.

I closed 75% of my $7.50 call position yesterday.

Puts are radically cheap. There's total market confidence a $10 deal is booked.

 

[JayS]

The first five paragraphs say it all. Nobody else would be willing to buy this pig once they see what the real costs are.


http://www.reuters.com/article/topNews/idUSBNG8809620080325

 

[Brandonf]

Quote from longterminator:

And what do you base this $20 valuation on?

My fish eating brother anthony tells me he thinks its worth $20 per share. ergo its worth $20. He's very good.

 

[ByLoSellHi]

Quote from Brandonf:

My fish eating brother anthony tells me he thinks its worth $20 per share. ergo its worth $20. He's very good.

People who consume large quantities of fish tend to have higher intelligent quotients than their non-fish eating peers.

 

[Brandonf]

Quote from ByLoSellHi:

People who consume large quantities of fish tend to have higher intelligent quotients than their non-fish eating peers.

Excatly, that and his Columbia University Degree (which doesnt mean anything in and of itself, but he was smart enough to build one hell of a roladex while he was there, and that means EVERYTHING).

 

[JamesVU2000]

The fed thought it was zero, but now its 20. Amazing. The fed f'ed this whole thing up so bad its silly.