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Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!

 
Anonymous Coward
User ID: 9553901
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05/11/2012 06:33 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***


Who cares?
marlborolightsplease

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05/11/2012 06:33 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
sniff sniff, I smell 2008
marlborolightsplease

User ID: 1276307
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05/11/2012 06:34 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
sniff sniff, I smell 2008
 Quoting: marlborolightsplease


bump
Anonymous Coward
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05/11/2012 06:34 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
I'll tell ya what's kool about Chase. They have 2 mirrored server rooms. So if one blows up the bank stays up and running. Kool, huh?
Anonymous Coward (OP)
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05/11/2012 06:36 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***


Who cares?
 Quoting: Anonymous Coward 9553901



Ya I know your preoccupied with the Olympics preparation. cruise
MtBarb

User ID: 1293349
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05/11/2012 06:42 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.
 Quoting: Anonymous Coward 15903829


LINK?
MtBarb
Anonymous Coward
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05/11/2012 06:50 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
JP Morgan is dead.

Did you know JP Morgan was actually embarrassed by his Eczema problem? Google it.

JP Morgan never liked having his picture taken because he was ashamed of his eczema.
Anonymous Coward
User ID: 5548216
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05/11/2012 06:53 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
 Quoting: Deej


Obama has already stated that the banks are no longer too big to fail. They will not be getting any more money. I would guess they already shorted their own stock before the announcement which is what they did last time and they came out smelling like a rose.

If you are paying a mortgage right now you might be fucked. I recommend getting those thieves out of your business and becoming financially independent so these things don't affect you.

Buy what you can afford and live within your means. Once you have your house and other things paid off you can afford to spend money impressing people. Living on borrowed money is stupid no matter what the political or financial climate.
Anonymous Coward
User ID: 15888767
United States
05/11/2012 07:02 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
JP Morgan should have all it's top people arrested, tried and their heads chopped off. Since it seems they never used them anyway.
Anonymous Coward
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United Kingdom
05/11/2012 07:02 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Fuck em'. JP MorTards have been manipulating the silver/gold market for way too long. It's about time they got fucked themselves! Fuck them till they bleed - profusively.

I hope they shit blood.

s226
Anonymous Coward
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05/11/2012 07:05 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
ha ha...eat shit jamie dimon
Anonymous Coward
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05/11/2012 07:08 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..
 Quoting: ***ClappaGuy***


can't Obama still "bail them out?"

spock
 Quoting: Deej


Obama has already stated that the banks are no longer too big to fail. They will not be getting any more money. I would guess they already shorted their own stock before the announcement which is what they did last time and they came out smelling like a rose.

If you are paying a mortgage right now you might be fucked. I recommend getting those thieves out of your business and becoming financially independent so these things don't affect you.

Buy what you can afford and live within your means. Once you have your house and other things paid off you can afford to spend money impressing people. Living on borrowed money is stupid no matter what the political or financial climate.
 Quoting: Anonymous Coward 5548216


^ Great point! living on credit is suicide! rockon
Anonymous Coward
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05/11/2012 07:10 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
i bet they spent it shorting silver
 Quoting: Anonymous Coward 15829196


And they're not done.

Silver will need to go down for Morgue to cover.

Buying silver?

Wait for it.......

Wait for it.......

Wait for it.......

$20?
Anonymous Coward
User ID: 8397139
United States
05/11/2012 07:12 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***


Who cares?
 Quoting: Anonymous Coward 9553901


Immediately? PM investors is my guess.

Followed very closely by anyone who lives under the umbrella of the economy.
Anonymous Coward
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05/11/2012 07:17 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Did the buy silver crash JP morgan work?
Anonymous Coward
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05/11/2012 07:20 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
you know a billion isn't shit to jp morgan??? bill gates has a billion, this is like a doctor evil moment
Anonymous Coward
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05/11/2012 07:22 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Zazztacular Downgrade?

lmao
Anonymous Coward
User ID: 15889635
United States
05/11/2012 07:24 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Watch for JP to pound the shit out of gold and silver in the coming days.

That's where they can recapture some of their losses quickly.
Anonymous Coward
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05/11/2012 07:25 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Did the buy silver crash JP morgan work?
 Quoting: Anonymous Coward 4805307


No. In fact they have slammed the price of gold and silver down quite a bit this year. They can always count on PM's for a little cash flow.
Anonymous Coward
User ID: 8397139
United States
05/11/2012 07:26 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Watch for JP to pound the shit out of gold and silver in the coming days.

That's where they can recapture some of their losses quickly.
 Quoting: Anonymous Coward 15889635


;^)
Anonymous Coward
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05/11/2012 07:29 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
awsome !
Anonymous Coward
User ID: 15902385
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05/11/2012 07:31 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
The most secure Bank, thats what I was told when I said your interest rates suck.

LOL, didnt get my money...........
Anonymous Coward
User ID: 15742136
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05/11/2012 07:32 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***


bsflagbsflag
Anonymous Coward
User ID: 8397139
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05/11/2012 07:34 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Did the buy silver crash JP morgan work?
 Quoting: Anonymous Coward 4805307


Well, I think most PM-tards are waiting for a better deal. I'd rather make money than catch the knife at ~ $29 (as of this post). It's as much greed as just common sense. At least that's what I'm telling myself. lol
Frater

User ID: 13462595
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05/11/2012 07:34 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Unfortunately this deabt will be monitized and and you and I as taxpayers will be on the hook for it.

I've been thinking about bailing out of the country or ceasing to produce money.

*edit* Sorry I don't produce money, The Federal reserve is the only entity that produces money out of thin air. I just try and earn an honest living but I'm actually an assett of TPTB, I get little of what I earn.

Friends tell me I'd Love Costa Rica.

Frater

Last Edited by Frater Deplorable on 05/11/2012 07:42 PM
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Anonymous Coward
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05/11/2012 07:35 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Zazztacular Downgrade?

lmao
 Quoting: ANHEDONIC


The idiots on this thread think that this is doom...

Pop quiz..what has happened everytime S&P or Fitch has issued a downgrade??

That's right...MARKET RALLIES

You guys are easier to sucker than fish in a barrel

lmao

DOW TO 15000.....NO CRASH NO DOOM
Frater

User ID: 13462595
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05/11/2012 07:42 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Zazztacular Downgrade?

lmao
 Quoting: ANHEDONIC


The idiots on this thread think that this is doom...

Pop quiz..what has happened everytime S&P or Fitch has issued a downgrade??

That's right...MARKET RALLIES

You guys are easier to sucker than fish in a barrel

lmao

DOW TO 15000.....NO CRASH NO DOOM
 Quoting: SupremaZAZZ


And you are part of the problem.

1963 5 bucks

Last Edited by Frater Deplorable on 05/11/2012 07:55 PM
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b|ink
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05/11/2012 07:48 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Anonymous Coward
User ID: 8397139
United States
05/11/2012 07:54 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Zazztacular Downgrade?

lmao
 Quoting: ANHEDONIC


The idiots on this thread think that this is doom...

Pop quiz..what has happened everytime S&P or Fitch has issued a downgrade??

That's right...MARKET RALLIES

You guys are easier to sucker than fish in a barrel

lmao

DOW TO 15000.....NO CRASH NO DOOM
 Quoting: SupremaZAZZ


Now, the question is - will you be posting when derivatives implode?
Anonymous Coward
User ID: 5926374
United States
05/11/2012 08:02 PM
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Re: Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
Zazztacular Downgrade?

lmao
 Quoting: ANHEDONIC


The idiots on this thread think that this is doom...

Pop quiz..what has happened everytime S&P or Fitch has issued a downgrade??

That's right...MARKET RALLIES

You guys are easier to sucker than fish in a barrel

lmao

DOW TO 15000.....NO CRASH NO DOOM
 Quoting: SupremaZAZZ


Now, the question is - will you be posting when derivatives implode?
 Quoting: Anonymous Coward 8397139


Which will happen when????

In your Candy-Land dreams???

You are seriously buying that quadrillion derivatives bullshit?

lmao





GLP