15 votes

JP Morgan losses above 32 BILLION ? ... Crank up the shorts ?

JP Morgan losses above 32 BILLION ????

This can be very very bad ... and wait until the world finds out about its 1 to 100 NAKED SHORT SILVER POSITIONS. I think these guys are going the way of MF Global.

http://www.zerohedge.com/news/did-fed-just-give-us-very-big-...

Did The Fed Just Give Us A Very Big Clue Just How Big JPM's CIO Loss May Be?

Earlier today we mocked Jamie Dimon for announcing the cancellation of his firm's stock buyback program, just two shorts months after March 13, when none other than JP Morgan forced the Fed to scramble and release the full stress test ahead of schedule, after Jamie Dimon decided to frontrun the full FRBNY stress test release (whose sole purpose was to determine under what worst case scenario the Fed was ok with allowing JPM and various other Bank Holding Companies to proceed with dividend raises/stock buybacks) and announce just that - a dividend increase and a stock buyback. Well, in addition to some well justified egg in Dimon's face, today's results actually have some far more troubling implications. Because while we now know that the buyback is over, what we still don't know, because Jamie Dimon refuses to tell us, is just how big the CIO P&L loss as of close today. ...

More at

http://www.zerohedge.com/news/did-fed-just-give-us-very-big-...



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This is probably connected.

I posted this on March 16, 2012 and it looks as though it may be connected to this meltdown of JPM:

http://www.dailypaul.com/221087/whistleblower-accuses-jp-mor...

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

More confirmation of previous post

More confirmation of previous post

just finished a conversation with Turd Ferguson

he did the interview with me on May 11th where we broke open the story

that the JPM losses extended from huge Interest Rate Swap damage

I directly gave Rob Kirby attribution

the Wall Street Journal now quotes Dimon mentioning Delta-Hedge

and usage on the Interest Rate Swap complex (confirmation!!!) ...

http://maxkeiser.com/2012/05/22/jpmorgue-losses-already-past...

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obama caught on open mike again

Jamie Dimon I'll have " more flexibility " after the Nov. elections.

I hope JPM does't get that far

Hedgies press in

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This and

the earlier article about China bypassing wall st and dealing straight with the treasury, are the DP's heavies for what I found today.

I love to come here to get breaking news

It's like we all race to share this stuff ... I love it. We are the most well informed group out there ... and because we don't have an agenda other then Liberty and truth we can give it to people straight.

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