WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army | |
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Saddletramp User ID: 27732704 United States 01/14/2013 08:21 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
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Anonymous Coward (OP) User ID: 13700709 Argentina 01/14/2013 08:23 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army it means nothing. JP morgan works for the US government I guess. China should also be involved. They are too big to not be a part of the game. Above that , it might be only a matter of a network of few powerful individuals. |
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Anonymous Coward User ID: 14089893 United States 01/14/2013 08:26 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army [link to www.bloomberg.com] Bruno Iksil, the U.K. trader nicknamed the London Whale because his trading book was big enough to move the market, made a wrong-way bet on credit derivatives that led to the company’s biggest trading loss. At one point, as much as $51 billion in shareholder value was erased. Some senior executives “acted like children” in handling the fallout from the errant trade, Dimon said last week at a conference the bank hosted in San Francisco. “Instead of helping, they were running around with their head chopped off,” he said. JPMorgan has come under increasing scrutiny and regulatory oversight in the aftermath of the U.S. housing crisis. Agencies investigating the trading loss include the U.S. Justice Department, Federal Bureau of Investigation and Securities and Exchange Commission. Doesn't surprise me. I thought they always acted like that. |
Anonymous Coward User ID: 1216538 United States 01/14/2013 08:27 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot. |
my 2 cents User ID: 26646007 Canada 01/14/2013 08:29 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army Press Release Quoting: Strongman Shelford Release Date: January 14, 2013 For immediate release The Federal Reserve Board on Monday issued two consent Cease and Desist Orders against JPMorgan Chase & Co., New York, New York (JPMC), a registered bank holding company. The first order requires JPMC to take corrective action to continue ongoing enhancements to its risk-management program and its finance and internal audit functions, particularly in regard to JPMC's Chief Investment Office (CIO). The Board's order follows the disclosure of significant losses in a large synthetic credit portfolio that was managed by the CIO. The second order requires JPMC to take corrective action to enhance its program for compliance with the Bank Secrecy Act and other anti-money laundering requirements at JPMC's various subsidiaries. The Office of the Comptroller of the Currency on Monday issued two similar Consent Orders against JPMorgan Chase Bank, N.A., Columbus, Ohio. [link to www.federalreserve.gov] hey JP MORGAN, don´t be so "bankster" please? Ok daddy You knew it had to happen. The thieves are fighting over the spoils. Last Edited by my 2 cents on 01/14/2013 08:30 PM Patriotism is supporting your country always -- and your government when they deserve it. Mark Twain Those who beat their swords into plowshares usually end up plowing for those who kept their swords. -Benjamin Franklin |
Anonymous Coward (OP) User ID: 13700709 Argentina 01/14/2013 08:30 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot. they are not unwinding. unwinding my a$$. it is just "compliance show"... "hey, I am regulating you" " this is serious business". they sleep together in the nights and play golf in the morning. probably they also go to the same club and perform same rituals together. they are so rich you may want to join them |
Anonymous Coward User ID: 1216538 United States 01/14/2013 08:31 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army it means nothing. JP morgan works for the US government I guess. China should also be involved. They are too big to not be a part of the game. Above that , it might be only a matter of a network of few powerful individuals. Thanks buddy. My understanding is that they work for the Fed which is over 70% owned by foreign shareholders I believe. Ugh it's always down to the network of the psychopathic few. |
Anonymous Coward User ID: 1216538 United States 01/14/2013 08:32 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot. they are not unwinding. unwinding my a$$. it is just "compliance show"... "hey, I am regulating you" " this is serious business". they sleep together in the nights and play golf in the morning. probably they also go to the same club and perform same rituals together. they are so rich you may want to join them Lol I would not be a part of any club that would have me as a member. |
Saddletramp User ID: 27734072 United States 01/14/2013 08:44 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot. they are not unwinding. unwinding my a$$. it is just "compliance show"... "hey, I am regulating you" " this is serious business". they sleep together in the nights and play golf in the morning. probably they also go to the same club and perform same rituals together. they are so rich you may want to join them Actually if you look at the overall monetary value of the entire derivatives market it has fallen to a little under $700 Trillion (a drop of around 15% of overall value from the beginning of 2012. Unfortunately it's not going to be even close to enough to get them to the bank leverage levels prescribed in the Basel III agreement, hence they are now working to water down Basel III... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Saddletramp User ID: 27734072 United States 01/14/2013 08:47 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army ... Quoting: Saddletramp No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot. they are not unwinding. unwinding my a$$. it is just "compliance show"... "hey, I am regulating you" " this is serious business". they sleep together in the nights and play golf in the morning. probably they also go to the same club and perform same rituals together. they are so rich you may want to join them Actually if you look at the overall monetary value of the entire derivatives market it has fallen to a little under $700 Trillion (a drop of around 15% of overall value from the beginning of 2012. Unfortunately it's not going to be even close to enough to get them to the bank leverage levels prescribed in the Basel III agreement, hence they are now working to water down Basel III... However I do agree with you that regulatory authority over the big five is an absolute joke, they essentially regulate themselves...and we all know how that has worked out... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Anonymous Coward User ID: 32128299 Argentina 01/14/2013 08:48 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Ah thank you Saddletramp I appreciate it. I'm trying to learn as much about economics as I can understand. I just can't see how they can conjure up paper silver out of nothing and drive down the metals market. When will the last deck chair be taken away? And whoever thought up the derivatives instrument should be shot. they are not unwinding. unwinding my a$$. it is just "compliance show"... "hey, I am regulating you" " this is serious business". they sleep together in the nights and play golf in the morning. probably they also go to the same club and perform same rituals together. they are so rich you may want to join them I agree 100%, Strongman. Nothing is being unwound, in any fashion. This is just a dog and pony show for the masses, to make them believe the Fed and JPM aren't run by the same very powerful bastards behind the scenes. Nice try, VPB (Very Powerful Bastards). |
ArcanoExAngelos User ID: 21559870 United States 01/14/2013 08:49 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army No, they can still hammer the metals in the paper markets because that is condoned and financed by the fed. They're getting slapped for not unwinding their derivatives portfolio in a manner consistent with the agreements (in other words they tried to use the fact all other big multinationals were doing as agreed and unwinding a portion of their derivative portfolios to make money off of that, all the other players then pulled out of the CDO market they had cornered and left them holding the bag)... Saddletramp! Please help! When you say JPMC was not unwinding a portion of their derivative portfolios, would that include mortgage servicing on loans purchased from WAMU? What would unwinding entail? Like allowing more short sales of those toxic assets to get them off the books and get the payout from FDIC on the mortgage default insurance? Please help as I have a serious matter pending with Chase and they keep flip flopping. Last Edited by ArcanoExAngelos on 01/14/2013 08:50 PM |
Anonymous Coward User ID: 32128299 Argentina 01/14/2013 08:54 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army it means nothing. JP morgan works for the US government I guess. China should also be involved. They are too big to not be a part of the game. Above that , it might be only a matter of a network of few powerful individuals. Thanks buddy. My understanding is that they work for the Fed which is over 70% owned by foreign shareholders I believe. Ugh it's always down to the network of the psychopathic few. I hate to be the bearer of bad news, but the Fed is 100% owned by foreign shareholders. 51% is held by the Rothschild family alone. JPM is one of their many front companies; it does their bidding in every sense of the word. There will NEVER come a day when the Fed actually reprimands or countermands JPM. They are one and the same. Luckily, however, there will come a day when both the Fed and JPM are banished from this planet forever. |
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D from DE User ID: 15332048 United States 01/14/2013 09:11 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army |
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Anonymous Coward User ID: 8100836 United States 01/14/2013 10:01 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army This looks like the beginning of the end for JPMorgan and they are directing the illegal money to go elsewhere, probably HSBC. their derivatives, and silver short losses must be so large the Fed doesn't want the liquidity from drug trafficking to be lost. It also appears that the Fed wants some kind of record of something when JPMorgan goes down so all the companies records and accounts aren't vaporized to cover the fraud. The Fed is also isolating JPMorgan from any FDIC insurance so as not to cause panic system wide when they go down and wipe out the measly$35 bill they have. The massive sales of silver eagles after the mint reopened must have triggered this. Long live the silver liberation army, i dont want to be too optimistic but we may have our first scalp. If we see other banks offloading their shit into JPMorgan this week and next, we will know for sure that they are to be thrown under the train. This looks like an attempt to isolate the damage but the Fed has created an arrogant monster, Jamie Dimon, that they cannot control the true canibalistic nature of these parasites will emerge and a lot of dumb fuckers not paying attention are going to be wiped out, not to mention the EBT cards. This will cause the riots they need to get the people to beg for martial law. Quoting: D from DE 15332048 |
Saddletramp User ID: 27734072 United States 01/14/2013 10:08 PM Report Abusive Post Report Copyright Violation | Re: WTF! FEDERAL RESERVE issues Cease and Desist orders against JP MORGAN! Calling the Silver Liberation Army The important thing to remember is that the losses Chase, and other banks suffered in the derivative markets over the last two quarters are being subsidized by the Fed to the tune of 40 Billion per month with the Fed paying full price for MBS that are worth .10 on the dollar on the open markets. All quantative easing has been a banker bailout... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
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