Here is a clip of the CEO of JPM, Jamie Dimon, demonstrating to officials at the Treasury what he will do with TARP funds. Truly enlightening.
[youtube:http://www.youtube.com/watch?v=BnVqdF68yIQ&feature=related 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,415 Blog Posts
Zombie is gay
Black magic
Pretty weak showing by the bears…is that all they can muster nowadays is a couple 100 points?
don’t look at dow. look at banks.
bloody murder.
Longs are getting fucked!
One of the Final acts before every Empire Fails/Crumbles, the Treasury is Looted/Raided.
Here weez goes again!!
Break that 870 you mother fucker
Fly,
From the last thread, are you taking any FAZ off here?
MOS massive breakdown from $36’s-29’s today!
FXP climb aboard
Well this sucks. I called the selloff today right on… but I bought SKF instead of SRS. Only 15% instead of 25%. Banks are still fucked and will keep dropping now.
I’m taking profits in DUG and going back to sidelines. The carnage in banks is not that excessive IMO.
JP Morgan to use the Tarp $$ to invest in Section 8 Housing?
Kid,
You are correct. The sell-off in banks has just begun. This is the end of the bear market rally in my opinion. Banks led into the rally, and now lead it back down.
BTW, a short in CHK is advisable.
$25B on hookers and blow!?
Sweet Jesus…now we have people bitching about making “only 15% instead of 25%’ in a f**king DAY. Give me a break. Most of you are doomed and will be poor very soon.
$25B for the office of mash potatoes!
test
JPM to buy a malt liquor brewery?
Fox,
Trading this market is not easy at all. When I get a winner, I want and need it to be as profitable as possible. I am upset that I am only up 15% because I need that kind of a win.
Shorty-
I wish I was in SRS today too, but count your blessings my friend. Scoring 28% is HUGE. Look at it this way- my biggest position is SDS at “only” 4.3%. I’ll trade you?