| |||||
Trading in Bankia was halted until the board decides how many more billions to demand from the government. That money will of course immediately be hoovered off by debtholders AKA the banksters and none of it will go to helping the bank regain solvency. I found this amusing. Who could ever have predicted that seven [...] Paraphrasing from Zero Hedge The ECB has no more to lend The Fed cannot step in The IMF can’t do it because of political blowback here Germany has had it and is tapped out. They and ECB are preparing for EU breakup and are now intent on protecting themselves China’s economy is slowing. So [...] From tomorrow’s edition of Deutsche Wirtschafts Nachricthen: “The Greece-exit is a done deal: According to the German economic news from financial circles EU and the ECB have abandoned the motherland of democracy as a euro member. The reason is, interestingly, not in the upcoming elections – these are basically become irrelevant. The EU has [...] If you add in the drop in the stock price, then JPMorgan losses are more like $30 billion. Obama is of course mute when it comes to criticizing the banksters, especially when it involves an old pal like JPMorgan CEO Jamie Dimon. Dimon, in his comments on Monday, said the bank wasn’t going to keep [...] JP Morgan’s loss in risky derivatives originally estimated at $2 billion is now $5 billion and could well go higher. In addition, they have another $100 billion in risky bonds. This from the bank that had a sterling reputation for managing risk. CEO Jamie Dimon told the traders to take on more risk, so they [...] Game on. Greece is about to do an Iceland and tell the banker thugs to go screw themselves. Good. The sooner our rotten, corrupt international banking system is forced to restructure and their diseased, parasitic entities are given the opportunity to fail, the better it will be for the rest of us. With a [...] I may have been a pirate but at least I created companies with genuine, lasting value like GE and US Steel. These modern bankers create nothing of value. JPMorgan executives may have learned of the impending disaster with their London Whale trade from articles in the WSJ and Bloomberg. This from the company that more [...] From those wild-eyed alarmists at The Economist. The Greek debt crisis is spreading. Europe needs a bolder, broader solution—and quickly. The Eurozone is crumbling as JPM shows huge and growing losses for reckless trading. People get ready, the financial system is about to become unhinged again. This time, let’s jail the bankers, ok? More than anything, this shows the corruption of our government and their willingness to do whatever the big banks tell them to. Now JPMorgan has at least a $2 billion loss (and it’ll probably be much larger) because of insanely risky trades. Other banks are no doubt making the same kinds of trades. In the Alice-in-Wonderland world [...] Jonathan Turley reflects upon the vengeance Moby Dick delivered to Captain Ahab. Now Dimon is expected to blame the whale rather than his own anti-reform position. It is not the first time that a mad leader personified his own failings. If you haven’t read Moby Dick, why he’s just getting warmed up in the [...] |  | ||||
Copyright © 2012 Politics in the Zeros - All Rights Reserved | |||||
Recent Comments