We may soon see 2008 redux.
JP Morgan 2.3 billion loss is a signal that their book of 70 trillion in CDS is starting to unravel.
Ron Paul always talks about the 'liquidation of debt'. We may see JP Morgan get sacrificed by the Federal Reserve Family of private shareholders. Goldman Sachs is the Godfather, the Goomba, who calls the shots on who gets taken out. That's what they did to Lehman Brothers. It was a hit to consolidate power and even up some old scores with Lehman.
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