JP Morgan has reached a deal to pay the government $13 bill in extortion, even after the fact that they effectively saved western finance through the bailouts of numerous failed banks–including Bear Stearns and Washington Mutual.
I don’t know what the government has on Jamie Dimon, but he’s doling out record payments to the US treasury for reasons unbeknowst to anyone at all. The proceeds of the new government windfall will likely fund left wing, degenerate projects, perhaps hypodermic needles for struggling actors and artists or condoms for teenagers. Either way, this is redistribution of wealth on a record scale, sacking half of JPM’s annual earnings without a fight.
Doesn’t Jamie Dimon have a fiduciary responsibility to protect the capital of his bank? Remember, this is the guy who volunteered to hold the feces filled bag of Bear and Wamu for the government, much to the chagrin of his shareholders. Fast forward a few years, post crisis: this is the thanks he gets from the O.
Back to the markets: I am almost all out of YELP. I got lucky and started selling first thing this morning. I love the company, very much so, but feel emotional drawn to the refiners now. Therefore, I am shifting my focus away from the richly valued social media space to oil, ahead of earnings.
Top picks: HK, ALJ, BALT.
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The White House and JPM have much more in common then meets the eye. This is NOT some sort of left-wing conspiracy ..condoms for teenagers is a good thing.
Of course, as a tax payer, I want to fund condoms in high schools. That’s what I call money well spent
saves money on publicly paid abortions
Moreover, those purchases happened up George Dubya
And the cashing out is under the vagrant in chief, Obama.
I’ll get behind that anyday of the week “vagrant in chief” lol
http://elcientificojuan.blogspot.com/2013/10/benjamin-fulford-october-22-2013-like.html#more
Interesting read. Not sure if it makes any damn sense; but good food for thought.
The WH would reveal that he does movie doubles for Richard Gere.
And speaking of the WH, in case you missed the phone number dropped by the 0ne at the 0bamacare press conference, he wants people to call 1-800- 318-2596.
Take out the “1” as it has no corresponding letters and one gets
(F) (U) (C) (K) (Y) (O).
Almost as good as “like my driving call 1800 eat-sh**.”
HK is an interesting story. Same CEO as when it was Petrohawk before the buyout, right?
yep.
faith in Floyd…petrohawk was a winner..he builds them up, and sells to the highest bidder
I was pounding the table inside the PPT at 4.70
Nice. It has a long term falling wedge Pattern that “OA” loves. If I get the opportunity on a more manageable entry such as a lower high or consolidation range I will be on it for a trade to $7.
I am sure that whatever is going on at J P Morgan is a big secret.
Teslawasright up above in this thread, cited a conspiracy theory article that said that JPM Chase is being sold to the Chinese. Conspiracy theories almost never turn out to be correct. But it sure does look like something unusual is happening at that bank, whatever it is.
Great Logo btw.
Henry Fool designed it
Henry Fool 4TW
Jamie is a long time Democrat. He’s being true to his instincts and paying off his deep seated feelings of guilt and social justice for the downtrodden. Eric Holder will see that the money does more good passing through government coffers.
He described himself, when he testified in front of Congress, as “barely Democrat” whatever that means. Maybe it just means that he is not crazy enough to want the Tea Party to cause a U.S. default which would send the economy back to 2008 again.
Jamie Dimon could literally have you murdered in the dark of night…i would be cautious on your Jamie Dimon short.
According to the information at the link below, The US Government could spend that 12 Billion in just over one day.
http://demonocracy.info/infographics/usa/us_deficit/us_deficit.html
Can not remember a time when absolutely everyone was so convinced the market was only going up. Even the bears believe. Then again was not around for most of the nineties. Massive bullish only sentiment no doubt.