JP Morgan Losses Grow To 5 Billion

you want the truth

for these BS artists to even admit they lost money is the reason why,,,

for example when Enron was collapsing

at the share holder meeting people eventually got fed up

and asked out loud if the CEO was on CRACK

see Enron wasnt even losing money till it was finished!!!

and, the U.S. Congress is too wimpy to put a muzzle and a short leash on the dogs of Capitalism.

becuase it started as $2 billion. and i highly doubt $5 bn is the correct amount... these fuckers literally live by lying. it's the best weapon in their toolbox

these guys buy banks, give all the money to their buddies,
and then the corporation declares bankruptcy.

not bad for a day's work, huh.

Fuck off. You and these JP Morgan fucks should go to a desert island for the self-absorbed. Fuck your "magazine".

Jamie Dimon: what a sweet name; what a sweet looking boy;
this guy wouldn't hurt a fly, would he....

I said it... nobody believed me.

Thread: 21 Billion Dollar JPM Derivatives Default - Counterparty? WATCH MONDAY'S MAY 14TH'S FIREWORKS.

Because you are stupid and don't realize that a "5B" capital loss results in 50B+ leveraged loss.

Don't you get it?

dude we are definitely talking about TRILLIONS at risk here. more than 1 trillion dollars.

these banksters are liars and they know we would string them by their fuckin necks if the public found out. they are all gaming the economy for their own benefit... very sad times we live in.

If they did Americans will pay their bail out ...again !!




Too big to fail !!

both should end with the leaders in JAIL!

and how does their fractional banking sytem come into play..10%...
so if it is 5 billion does it become 50 billion.....
if it is 2 trillion is it not really 20 trillion?

these theives love just adding a "0" to make it all better until that empty "0" comes to haunt them

Last Edited by psyoptics on 05/20/2012 10:25 AM

the rich and powerful elite created God to
keep the poor from murdering them.

That statement right there is stupid enough that I don't want to read the link. The guy has no idea how to explain JPM's options gambling losses if he doesn't understand it wasn't a derivatives marketing project on their part.

This may very well be where the Ponzi system unravels.

Most of these Cartels have "Leveraged" or spread risk at 100 times the cash value of nearly every "Financial Instrument".

The figure is likely 100 times 4 billion?

These Financial "Geni-uslesses" need to go hang themselves so that the rest of us wont have to make them do it.

It's time to pinch this turd off and flush it.

well, i hope you realized that this battle has been going
on, now, for the past 150 years. what makes you think that
we are any better poised now than our fathers were?

Then you've missed a good link. And thanks for the insult. Truth usually provokes one.

I think everyone in the thread, including me, has shown they understand leverage. And therefore the implications of a JPM loss. It's not like another company far down the chain losing money.

These guys are at the head of the queue for the cash machine. When you're at the back of the queue it's sensible to fear it may run out of cash by the time you get to use it.

You (JPM & Friends) have first option on the money AND you still LOSE! what sort of outfit are you running that it performs so poorly in such a uniquely advantageous trading position? A SHIT operation, that's what.

Shit in a bag. You call it what you like mate, we all have our fetishes.

all of you little guys have failed to realize that
while none of you were paying attention, over the past
50 years, that TPTB have succeeded in completely dismantling
the "labor union system" that our fathers fought and
shed their blood for to set up in the first half
of the 20th century.

This is INCORRECT!

They can declare the losses on their taxes! I'm trying to find one of those "old articles you keep in the back of your head" because it seems out of place when you read it...

I knew this would happen, we should see others declare loses but this isn't because they are doing poorly but rather to declare them on their taxes.

Ill be back and post a thread when I find the law or article I was reading.

though, it looks to me like all of the professional
sports people and movie stars have a very strong labor union
though. which makes all of us a bunch of dumbasses then, doesn't it.

THIS>>

JPMorgan's Potential Trading Loss Just Keeps Spiraling Higher

[link to www.businessinsider.com]


FROM WSJ:

The nation's largest bank has said publicly that its losses on the trades have surpassed $2 billion, and people familiar with the matter have said they could over time reach $5 billion.

But the losses could be even bigger if the company sells its positions into a market that has turned against its positions, some traders say....

So the basic issue seems to be: Unwind now and stomach large losses, or wait and hope that things improve.

Either way, it's clear that JPMorgan has a live and active problem on its hands.


Read more: [link to www.businessinsider.com]

Read more: [link to www.businessinsider.com]

Kinda reminds me of the billions and billions the Pentagon 'lost'.
Wonder where THAT ended up....

b