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Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!

 
Anonymous Coward
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05/11/2012 05:54 PM
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Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
[link to money.cnn.com]

The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss.

Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative.
Anonymous Coward
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05/11/2012 06:00 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
I think they said they would be on the line for at least another 1 billion if they got down graded...


5a
2012Portal
2012Portal - The Mayan Calendar

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05/11/2012 06:02 PM

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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
I think they said they would be on the line for at least another 1 billion if they got down graded...


5a
 Quoting: Anonymous Coward 1535418


1.1 Billion to be more or less exact, ADDITIONAL, just due to this downgrade. Furthermore, they are placed on a negative watch.
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward (OP)
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05/11/2012 06:02 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
I think they said they would be on the line for at least another 1 billion if they got down graded...


5a
 Quoting: Anonymous Coward 1535418


J.P. Morgan chief executive James Dimon said during a conference call with analysts that the bank could suffer an additional $1 billion in losses as it tries to exit the trade. But analysts say it could go much higher.

damned
Anonymous Coward (OP)
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05/11/2012 06:03 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Keep in mind that Chase was supposedly the BEST and MOST RESPONSIBLE bank in AMERICA... and now...
Cat Mouth

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05/11/2012 06:05 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
[link to money.cnn.com]

The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss.

Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative.
 Quoting: ***ClappaGuy***


wow..thanks for the info..i did not know
:mesig432:
Anonymous Coward (OP)
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05/11/2012 06:05 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Thanks for the pin! hf
Anonymous Coward
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05/11/2012 06:06 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
JPM will lose 4.4 billion in the next several days.

The END is upon them.
Anonymous Coward
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05/11/2012 06:06 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
hf
Anonymous Coward (OP)
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05/11/2012 06:07 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
hf
 Quoting: Anonymous Coward 15893741


clappa
Anonymous Coward
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05/11/2012 06:07 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
So what does this mean in terms of the collapse ??
Anonymous Coward
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05/11/2012 06:07 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
This is after the fuckwits in Washington couldn't get up the balls to enact banking reform that had any real parts to it. This will happen over and over until we get people in Congress and the White House who will actually take on the banks' corruption of the marketplace.
Anonymous Coward
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05/11/2012 06:07 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!

Anonymous Coward
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05/11/2012 06:08 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
givesgivesgivesgivesgivesgives
Anonymous Coward (OP)
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05/11/2012 06:08 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
So what does this mean in terms of the collapse ??
 Quoting: Anonymous Coward 4528419


Still not known... But it's just a step closer to the inevitable... Now no banks in America are as strong as once thought..
marlborolightsplease

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05/11/2012 06:11 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
and so it begins 2008
Anonymous Coward
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05/11/2012 06:11 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Time for an expansion of currency swaps and for LTRO3, me thinks...koolaid
marlborolightsplease

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05/11/2012 06:12 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
So what does this mean in terms of the collapse ??
 Quoting: Anonymous Coward 4528419


we are in phase 2
marlborolightsplease

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05/11/2012 06:13 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
So what does this mean in terms of the collapse ??
 Quoting: Anonymous Coward 4528419


we are in phase 2
 Quoting: marlborolightsplease


they will be meeting with gordon over the weekend, this is when gordon will offer 2 bucks a share for chase then Jamie Dimone will jump in front of a subway
Anonymous Coward
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05/11/2012 06:15 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
i bet they spent it shorting silver
2012Portal
2012Portal - The Mayan Calendar

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05/11/2012 06:17 PM

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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
So what does this mean in terms of the collapse ??
 Quoting: Anonymous Coward 4528419


Was factored in, so JPM is not down much in after hours. That said, it brings to life the systematic problem with this toxic assets and the trading of them further. In other words, perhaps the tip of the iceberg.


More on the "London Whale" who was totally 'normal' for JPMorgan....

"There have been no suggestions that Iksil's activities were in any way irregular, but over a period of years he and his team amassed a book of bets estimated by some to be $100 billion."
[link to www.chicagotribune.com]



How many other whales are out there swimming?
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
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05/11/2012 06:18 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
i bet they spent it shorting silver
 Quoting: Anonymous Coward 15829196


clappa
Anonymous Coward (OP)
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05/11/2012 06:19 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
miked

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05/11/2012 06:23 PM

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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
nice!
if someone asks if you're a god, you say yes!
Anonymous Coward
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05/11/2012 06:24 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
agent

Proctor, come in. Advise the rest of the team to pull out all capital, its happening. Rendezvous back at 22:00 near Pier 32, over!
Anonymous Coward
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05/11/2012 06:28 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Keep in mind that Chase was supposedly the BEST and MOST RESPONSIBLE bank in AMERICA... and now...
 Quoting: ***ClappaGuy***


Bank of America and Citi bank are GREAT one's too! roflpopcornroflpopcorn
CultivatingMass

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05/11/2012 06:30 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
OHHYEAAAA here we effin' go all day all night long

oridin
Anonymous Coward
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05/11/2012 06:30 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Joining the EVIL, HATED, ANTI-AMERICAN Egan-Jones, who knew this was coming A MONTH AGO....

THEY SHALT NOT ENDANGER THE MESSIAH OBAMA AND HIS PRESS IN ANY WAY, lest the IRS, the SEC, and DOJ come down upon you!
Deej

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05/11/2012 06:32 PM

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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
So what does this mean in terms of the collapse ??
 Quoting: Anonymous Coward 4528419


Still not known... But it's just a step closer to the inevitable... Now no banks in America are as strong as once thought..
 Quoting: ***ClappaGuy***


can't Obama still "bail them out?"

spock
No matter what happens... just say "Thank You." - D W Fierce
ScrumpTheTexan
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05/11/2012 06:33 PM

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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
So what does this mean in terms of the collapse ??
 Quoting: Anonymous Coward 4528419


we are in phase 2
 Quoting: marlborolightsplease


jaysdown


:doom2:
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Christian does not equal doormat or pushover.

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Saint Lou
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05/11/2012 06:33 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Saint Lou downgrades JPM to a much more realistic D-. A+ is for being exceptional. JPM never was and never will be even good - C

Saint Lou has left the theatre.

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