Why oh why would jd be so worried about a national debt crisis???

[murray t turtle]

Dimon is just another Wall Street scammer who benefited from TARP and eventually the US government hedge funds to clear out junk mortgages aka Maiden Lane I & II. I'm sure the Feds are already working on backstopping the coming CRE collapse. More Maiden Lane entities to gobble them up & continue extend and pretend. They learned their lesson from Lehman Brothers.

%%
ACTUALLY some big banks did not want the gov goof bailout;
but remember they were forced to, so as not ''discriminate LOL'' against the worse run banks LOL.
AIG-Mr Greenberg also spent a greenbuck fortune on time + legal fees for their goofs+ bonus goofs.
Good thing for US$= is its comp\evil empire russia + chicoms;
so no, US $ never has to crash, no matter what the Pringles-YHOO [potatoe chip kings or queens write LOL. Especially sine many who do budgets/ deal in US$
And ask Bear Stearns + LEH how much ''to big to fail predicts'' LOL
investopedia.com has a much better AIG free article than NYT ad- article -ad-ad link LOL

 

[nitrene]

%%
ACTUALLY some big banks did not want the gov goof bailout;
but remember they were forced to, so as not ''discriminate LOL'' against the worse run banks LOL.
AIG-Mr Greenberg also spent a greenbuck fortune on time + legal fees for their goofs+ bonus goofs.
Good thing for US$= is its comp\evil empire russia + chicoms;
so no, US $ never has to crash, no matter what the Pringles-YHOO [potatoe chip kings or queens write LOL. Especially sine many who do budgets/ deal in US$
And ask Bear Stearns + LEH how much ''to big to fail predicts'' LOL
investopedia.com has a much better AIG free article than NYT ad- article -ad-ad link LOL

Of course banks like Bank of America didn't need the loans at the time but eventually when the reality of their Merril Lynch buy that had all kinds of toxic assets on their books they needed the money. I think they received like $30 billion in total but even that wasn't enough to cover the losses so Ken Lewis was fired eventually. The PBS Frontline episode Breaking The Bank on June 16, 2009 covered this in detail. The Frontline episode Inside The Meltdown (February 17, 2009) is very good as well.

 

[murray t turtle]

Of course banks like Bank of America didn't need the loans at the time but eventually when the reality of their Merril Lynch buy that had all kinds of toxic assets on their books they needed the money. I think they received like $30 billion in total but even that wasn't enough to cover the losses so Ken Lewis was fired eventually. The PBS Frontline episode Breaking The Bank on June 16, 2009 covered this in detail. The Frontline episode Inside The Meltdown (February 17, 2009) is very good as well.

%%
THAT;
+ BAC had such lousy customer service, glad to move to local community banks.
SCHW+ IBKR have good money markets, with advantage easy to trade in + out of money market.
Comparing[educational purposeLOL] regionals RF+ NYCB;
looks better than BAC + JPM.

 

[GlobalMacro90]

Don't be a fool thinking, "it doesn't matter". It always has through history!! US Congress, Biden, and Obama primarily to blame

obama increases the debt by 7.6 trillion and trump increased it by 6.7 trillion. Why is the first one to blame and not the 2nd one lol??

 

[murray t turtle]

obama increases the debt by 7.6 trillion and trump increased it by 6.7 trillion. Why is the first one to blame and not the 2nd one lol??

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Tough question;
maybe because surpize LOL \ your smaller debtor, also did tax cuts + regs cuts+ other cuts .
The good news/ as crooked as they were ;
they did pay debts\ unlike evil empire russia in AUG 1998.
As far as worry, that does no good/ many of US in USa do a budget.
LOT of little things we can do; like VP Harris said '' I DONT want the trump vaccine'' LOL+ helpful
And Michele Obama noted ''victory gardens''

 

[Scataphagos]

obama increases the debt by 7.6 trillion and trump increased it by 6.7 trillion. Why is the first one to blame and not the 2nd one lol??

If you want to be mostly honest about the debt, we need to go back to Reagan. He's the one who promoted, "spend what you have, borrow the rest"... and the infamous, "Reagan proved deficits don't matter". Prior to Reagan there was always dickering on spending... "guns or butter". With Reagan's philosophy, we could have both. All presidents since have "run with it".

Recent deficits have exploded under Biden/Obama* as we all know.

*IMV, we are not living through Biden's 1st (and hopefully only) term, but rather Obama's 3rd term with Biden being Obama's sock puppet.

 

[murray t turtle]

If you want to be mostly honest about the debt, we need to go back to Reagan. He's the one who promoted, "spend what you have, borrow the rest"... and the infamous, "Reagan proved deficits don't matter". Prior to Reagan there was always dickering on spending... "guns or butter". With Reagan's philosophy, we could have both. All presidents since have "run with it".

Recent deficits have exploded under Biden/Obama* as we all know.

*IMV, we are not living through Biden's 1st (and hopefully only) term, but rather Obama's 3rd term with Biden being Obama's sock puppet.

%%
Stinkin' sock puppet pattern LOL
Strange but true R Reagan cut taxes also, so that increased the gov income.
Or state cut cut food taxes OCT-JAN, 2024/ I did buy much more food then .
Goofy idea in hindsight \gov vaccine-trump goof ;
like VP Harris said ''I dont want the Trump vaccine.

 

[albion]

Recent deficits have exploded under Biden/Obama* as we all know.

You are neglecting to point out that deficits exploded more under Bush Jr and Trump then Obama and Biden... assuming you are actually looking at deficit charts and not just imagining things.

 

[Overnight]

obama increases the debt by 7.6 trillion and trump increased it by 6.7 trillion. Why is the first one to blame and not the 2nd one lol??

Neither of those folks increased the debt. The congress did that they happened to preside over. Don't blame the man...Blame the people YOU refused to bother electing in your local elections. You bad!