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Bomb Explodes At JP Morgan Office In Athens - No One Hurt

Tyler Durden's picture




 

Greek police say a bomb exploded Tuesday evening outside an office of
JPMorgan Chase & Co. (JPM) in Athens, The Associated Press reports. No one was
hurt, the AP says. The bomb went off after a warning call to an Athens
newspaper. From Dow Jones.

 

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Tue, 02/16/2010 - 15:28 | 232805 sgt_doom
sgt_doom's picture

Excellent points, SteveNYC.  They also are given to burning down their ski chalets (that pharmaceutical exec in Austria).

Good times....

Tue, 02/16/2010 - 15:30 | 232811 tpberg7
tpberg7's picture

Obviously a Socratic Paradox.  We must watch and wait.  Once the Americans decide to act upon the recent events a tidal wave of civil disobedience will be upon us.

Tue, 02/16/2010 - 15:17 | 232772 Anonymous
Anonymous's picture

It was a preemptive strike against the evildoers.

Tue, 02/16/2010 - 16:04 | 232906 Missing_Link
Missing_Link's picture

No, it was terrorism.  Terrorism is not protest.  Don't justify it.

Tue, 02/16/2010 - 16:28 | 232953 Gold...Bitches
Gold...Bitches's picture

if there is no justice people will make it where they can through individual posses or actions when legal justice is no longer functional or even able to be considered without breaking into laughter due to the levels of corruption that exist.

Tue, 02/16/2010 - 17:02 | 233033 Missing_Link
Missing_Link's picture

That's one of the reasons we have a democracy, isn't it?  So we can replace our government without having to resort to violence.

Tue, 02/16/2010 - 17:18 | 233063 Miles Kendig
Miles Kendig's picture

Government is violence that works best with the attenuation of the rule of law.  Once the rule of law absents itself, debauchery soon follows.

Tue, 02/16/2010 - 18:35 | 233167 35Pete
35Pete's picture

LMAO!!!!! That's funny. Do you still believe that shit?

Tue, 02/16/2010 - 20:31 | 233271 Miles Kendig
Miles Kendig's picture

After 18 weeks you still don't know?  heh

Tue, 02/16/2010 - 21:27 | 233325 Gold...Bitches
Gold...Bitches's picture

That's one of the reasons we have a democracy, isn't it?  So we can replace our government without having to resort to violence.

Well, they've apparently convinced you of that anyway.  It doesnt really matter who gets elected so long as the monied interests continue to own the govt.  So go ahead and elect new people.  Goldman et al will threaten global armagedden if they play with the system and oh, lookee here... gobs of money for your next election campaign...  and the game goes on.

Wed, 02/17/2010 - 12:47 | 234123 Anonymous
Anonymous's picture

You think we have democracy?
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Tue, 02/16/2010 - 16:55 | 233013 Anonymous
Anonymous's picture

What about the Financial terrorists at JPM, GS etc?

Tue, 02/16/2010 - 16:56 | 233014 dark pools of soros
dark pools of soros's picture

missing link, put down the pixie dust..   the US gov blew up the twin towers and have fools like you believing in some outcast groups threatening you..   the gov is the biggest terrorists

Tue, 02/16/2010 - 17:33 | 233026 Missing_Link
Missing_Link's picture

[EDIT: the original post was apparently deleted by the moderators.  Mods, thank you for deleting that  :) ]

You're the one who needs to put down the pixie dust.  I can tell you're insistent on clinging to your insane paranoid fantasies facts be damned, because even the most basic bit of research would make it obvious that the 9/11 conspiracy theories are contemptible bilge and the "outcast groups" you speak of have been committing acts of terror for a very long time.

I've had friends murdered by terrorists even before 9/11 and I've been directly threatened by terrorists myself.  The idea that somehow we need to invent preposterous conspiracies and cover-ups by the US government is imbecilic.

Tue, 02/16/2010 - 20:29 | 233270 WaterWings
WaterWings's picture

I really doubt any post here has ever been deleted. None of these comments are even close to what I have seen before. You're starting to sound like PierreLegrand and some of the other disinformation ranters that can't help but go on and on about "truthers".

Stop it. You're the one always calling out for posts to be deleted. Junk it and move on. This isn't HuffPo or your local paper's website. We don't need people telling us what to think.

Tue, 02/16/2010 - 21:21 | 233316 Gold...Bitches
Gold...Bitches's picture

We don't need people telling us what to think.

Correct.  I don't care what people think - so long as they do think.  Varied viewpoints right and wrong make it more interesting than if everyone were a drone repeating the same thing.  We already have that in droves with the rest of the vast majority of the media.

Tue, 02/16/2010 - 23:48 | 233515 35Pete
35Pete's picture

Deleted for Marla. :)

Wed, 02/17/2010 - 02:16 | 233657 Anonymous
Anonymous's picture

Hi George HW Bush

/waves

karma = you get whats coming to you
terrorism = you are innocent

Tue, 02/16/2010 - 22:38 | 233429 Marla Singer
Marla Singer's picture

Ok, I love you guys, but 9/11 crap belongs on another website.

Tue, 02/16/2010 - 17:16 | 233059 35Pete
35Pete's picture

+1

Tue, 02/16/2010 - 22:43 | 233437 merehuman
merehuman's picture

The economic terrorism as produced by the banks is ok, it merely saps my enthusiasm for the future and our childrens future and the well being of the planet for future generations.

At this rate we will kill everything including ourselves.

Wheres the good in that?

 

Tue, 02/16/2010 - 15:22 | 232782 10044
10044's picture

"When people lose everything and they have nothing left to lose, they lose it"
Gerald Celente

Tue, 02/16/2010 - 15:45 | 232848 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

+1

Tue, 02/16/2010 - 15:59 | 232893 DMA Trader
DMA Trader's picture

nice

Tue, 02/16/2010 - 16:48 | 232992 dnarby
dnarby's picture

...FREEEEEEEDOOOOOMMMM!

Tue, 02/16/2010 - 15:23 | 232786 Anonymous
Anonymous's picture

I think it's kind of obvious that Goldman Sachs did this.

They don't tolerate competition.

/cynicism

-MobBarley

Tue, 02/16/2010 - 17:34 | 233068 35Pete
35Pete's picture

Competition is a sin.

Literally. Go read your bible. Remember? The ONLY time that Jesus became really pissed off is when he threw the middle class out of the temple.

And the Lord Spaketh to the electrician, the dentist, and all the other useless eating riff raff, "How dare you defile my temple of money with your presence!". And the heavens parted and in a blink of an eye their mortgages were foreclosed on and food was torn from the tender mouths of their offspring.

And the middle class paid a fee in order to leave the temple and wandered off into the desert, where the money changers provided them NFL football and McDonalds Big Macs.

Book of Blankfein, Chapt 12, Verses 37-38.

And THAT is the apostle Llyod's definition of "Doing God's work".

Tue, 02/16/2010 - 20:40 | 233276 WaterWings
WaterWings's picture

The ONLY time that Jesus became really pissed off is when he threw the middle class out of the temple.

Okay, your post is pretty damn awesome but the money changers were a parasitic group of scammers that made a living off of, well, currency imbalances, asymmetrical information, and outright deceit. They were the only group Jebus considered whipping. Same 0.001% carrying on the tradition.  

Book of Blankfein, Chapt 12, Verses 37-38.

Solid frankincense and myrrh.

Tue, 02/16/2010 - 21:32 | 233335 Anonymous
Anonymous's picture

Jebus was actually just the least bit pissed that fair goats, lambs and doves were being sold to those wanted entry into the place of worship to have the pubah pray for a sick relative, relieve some monetary need, or other such pain. Welp, entry was only a l l o w e d IF a fair creature were in accompaniment with said entrant. For of course the only way to set a prayer in motion was to spill some lambs blood! Jebus was tray pissolla at that more as a symbol of middle man to the Deity -- said, "this place gonna be dust in not too awful long see?" ShoNuff not a stone remained unturned above ground... A bit suss on ya historically speakn' in that it wasn't so much a coin flipping thing he got crazy about -- was those who sold doves... But den agen -- his poppy's poppys poppy was David and we know how pissed he got... chaw!

Tue, 02/16/2010 - 23:58 | 233527 moneymutt
moneymutt's picture

so Jesus said "love your enemy" but this angry Jesus leaks out through the remaining writings allowed in the canonized bible...and he did get angry more than the money changers....but being a parasite AND preying on people's spiritual beliefs and moral development seemed to get Jesus seriously in a rage (they were essentially selling salvation after all), just ripping someone off was probably not enough to get a non-materialistic guy upset, but the trying to profit by leading a flock astray spiritually..... if I saw a guy tipping over tables at a church sale, I would say he was seriously upset.

But there are other angry Jesus moments...ask the too proud holy rollers of his time, the Pharisees and Sadducee's, he was always railing about them...and what about the sheep and goats parable...if you did not tend to the least of these (prisoners, hungry, naked, thirsty, strangers, sick) then you did not attend to your Lord and you will be cast "into the everlasting fire prepared for the devil and his angels" ...sounds kinda angry to me...

Wed, 02/17/2010 - 16:37 | 234491 35Pete
35Pete's picture

I'm sure that Jesus is going to want to have a little chat with Jamie and Llyod when he calls them.

 

Jesus: "Hey Dimon, Blankbrain, get your ass over here. I want a word with you two little maggots".

 

Tue, 02/16/2010 - 15:23 | 232787 Anonymous
Anonymous's picture

I'd be more worried about the bombs going off inside the building....

Tue, 02/16/2010 - 15:24 | 232791 Going Down
Going Down's picture

 

Rating Agencies Required to Use "SF" For Structured Finance

 

Why use SF when a simple "boom" will do?

 

http://ftalphaville.ft.com/blog/2010/02/16/150796/symbolic-structured-fi...

 

Tue, 02/16/2010 - 15:29 | 232806 Anonymous
Anonymous's picture

The unemployment rate for those under 30 was already high in Greece even before this sovereign debacle. Now facing severe austerity measures, these youngsters will have a ton of free time in their hands and no money for video games... so they'll take their Quake and Doom asses into the streets. Grand Theft Auto - Athens Edition.

Tue, 02/16/2010 - 15:31 | 232814 Anonymous
Anonymous's picture

Better than expected. Goose all stock indexes higher, man...

Tue, 02/16/2010 - 15:32 | 232818 BlackBeard
BlackBeard's picture

Interesting.....

Tue, 02/16/2010 - 15:33 | 232821 faustian bargain
faustian bargain's picture

wow

Tue, 02/16/2010 - 15:36 | 232828 Anonymous
Anonymous's picture

The Greeks will be breaking more than just dinner plates at this party. When it's over I think we will see some calamari being served.

Coming to a financial district near you?

Tue, 02/16/2010 - 16:30 | 232961 TheGoodDoctor
TheGoodDoctor's picture

Calamari is a dish best served cold.

Tue, 02/16/2010 - 15:39 | 232833 thomasstreet
thomasstreet's picture

market shrugging it off

Tue, 02/16/2010 - 15:40 | 232835 Anonymous
Anonymous's picture

i thought i was rash by not paying $4,500 in debt to chase.

Tue, 02/16/2010 - 15:41 | 232837 35Pete
35Pete's picture

I DO NOT like this one bit. Bombings, killings, ect, is NOT the way to deal with this mess. You lose the moral high ground and give these thieves the advantage of painting all opposition with a broad brush. Not to mention that it's a crime too.

I hope this is an aberration and not a harbinger of things to come.

Tue, 02/16/2010 - 15:44 | 232846 Anonymous
Anonymous's picture

In the muslim world you can either get your hands cut off or beheaded if you are a thief or are convicted of fraud.

Needless to say there is less stealing and fraud.

We could use more of that "moral high ground" around here.

Tue, 02/16/2010 - 16:32 | 232963 lizzy36
lizzy36's picture

yeah what we need is for a women to be stoned to death for allowing herself to be raped.

moral high ground indeed.

Tue, 02/16/2010 - 20:55 | 233295 Miles Kendig
Miles Kendig's picture

+1.  Some folks just cannot help themselves Lizzy.  They just gotta resort to disfigurement... of others of course. 

Tue, 02/16/2010 - 16:25 | 232948 Hammer59
Hammer59's picture

I'm not an advocate of violence/crime either. But this act not only occured at night---but a warning was phoned in.

Bankster crime should be punishable by jail time: destroying their place of "business" does not punish them at all.

Tue, 02/16/2010 - 15:40 | 232838 Anonymous
Anonymous's picture

Unintended Consequences.

Tue, 02/16/2010 - 15:40 | 232839 Anonymous
Anonymous's picture

"Funny how the Europeans blow up the people that are screwing them. Americans just seem to take it, roll over, lie down, play dead.....

Much better conditioned people this side of the pond, very obedient. All of those television chanels have done wonders for the powers that be."

Remember Timothy McVeigh Steve? That was a barrel of laughs huh? Careful what you wish for because people won't always get pissed off at the govt for the same reasons you do.

Tue, 02/16/2010 - 19:40 | 233233 SteveNYC
SteveNYC's picture

Where in my post did I "wish" for violence? I merely pointed out the difference in the reactions to getting screwed from one side of the pond to the other.

It is a fact, Europeans are more "activist" when it comes to being burned by the government or the powers that be. Not my opinion, mere fact.

You will not hear a violent word or an approval of violence come out of this mouth because I don't believe it is the solution to our/any problems.

Tue, 02/16/2010 - 23:04 | 233458 merehuman
merehuman's picture

I am not a violent person. Still i have put our dog to sleep. I have killed and plucked chicken, milked goats. Some things just GOTTA git done if you plan to eat/ survive/ be free/.

It aint a peaceful world, so we had government

to make a better world, till the government

turned on us. 

In the USA we will likely wait too long and preparations have already been made if we revolt.  

Does anybody see a way out ? Asken , cause i have a bad feeling a lot of us are gonna die sooner than we expect.

I say that because the criminals dont care if we see. And most investors, daytraders etc are aware of our circus market.  I get the idea we dont matter at all to the folks pulling the strings, in their mind we are a casualty. One more Argentina. Except this time its the GREATEST heist of all time and some of the players (China) may shoot back. We have offended them enuff, they are losing face.

I think its too late to fix all this.

Please tell me i am wrong, junking is not good enuff for me.

Tue, 02/16/2010 - 22:27 | 233415 Yardfarmer
Yardfarmer's picture

Tim McVeigh was a mind controlled Manchurian candidate.

http://www.whale.to/b/constantine8.html

Wed, 02/17/2010 - 00:07 | 233542 moneymutt
moneymutt's picture

I have no doubt many acts against state have been manufactured false flag type things, and we have definitive historic proof in US of the state plants acting as agent provocateurs to criminalize and malign legitimate protest...but at some point, people do have real motivations and really do, on their own, go to violent protest.

Tue, 02/16/2010 - 15:41 | 232841 Mad Max
Mad Max's picture

I thought it was going to be a mere debt bomb that exploded, but the headline says "no one hurt" so it must have been something else.

Tue, 02/16/2010 - 16:04 | 232844 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Usually I would say inside job, but nowadays it could be either/or.  Initial rumblings from the Status Quo perhaps? 

Tue, 02/16/2010 - 15:45 | 232849 DMA Trader
DMA Trader's picture

JP Morgan Chase follow up: CNBC reports bomb exploded in street outside of JP Morgan office, and JPM does not know if it was the targe

Tue, 02/16/2010 - 15:59 | 232890 Jewelsnorth
Jewelsnorth's picture

We'll probably hear the target was the Souvlaki cart that sat on the sidewalk out front of the bank.

Tue, 02/16/2010 - 16:00 | 232897 DMA Trader
DMA Trader's picture

Hahaha 

Funny !

+1 :)

Tue, 02/16/2010 - 15:48 | 232852 hedgeless_horseman
hedgeless_horseman's picture

This is what happens when someone mixes yiaourti with tzatziki.  Very unstable.

 

Tue, 02/16/2010 - 15:48 | 232853 chet
chet's picture

And Greece hasn't even defaulted yet.  If something like that happens, that country is going to ignite.  Spain too.

Tue, 02/16/2010 - 15:58 | 232884 SV
SV's picture

Spain moreso.  It's all about idle youth @ 18.8% unemployment. Been there, and for what I can tell of the citizenry there they aren't gonna take that crap lying down.

PS: I liked your old Avatar. :P

Tue, 02/16/2010 - 16:00 | 232857 glenlloyd
glenlloyd's picture

I think the "beware" symbol is appropriate.

Tue, 02/16/2010 - 15:51 | 232863 Sqworl
Sqworl's picture

Claiming responsibility....http://www.youtube.com/watch?v=pi2t58CRmbU

Tue, 02/16/2010 - 16:54 | 233011 Careless Whisper
Careless Whisper's picture

Tall, blonde, dark and lean
Rough and tough and strong and mean


Tue, 02/16/2010 - 15:51 | 232864 Anonymous
Anonymous's picture

One caveat. Your local banker is as much a pawn in this whole thing as you are. No sense and no reason for something like this to happen at your local. On the otherhand, annihilation at corporate headquarters is completely appropriate. Forget the pitchforks, bring the guillotine.

Tue, 02/16/2010 - 15:54 | 232871 Anonymous
Anonymous's picture

Bombs outside banks is nothing new in Athens. About the only growth market in Greece is their burgeoning line in domestic terrorist groups: Circle of Fire Nucleus, Revolutionary Struggle etc. They pull this kind of thing all the time. Sometimes they torch luxury car dealers, sometimes just the cars. They had been shifting away to shooting up police stations post the shooting of Alexandros Grigoropoulos in Dec 08, and recently moved on to political party offices and a small bomb outside the parliament.

'The Rampant Pansy'

Tue, 02/16/2010 - 15:54 | 232873 Anonymous
Anonymous's picture

nuke them

Tue, 02/16/2010 - 15:56 | 232877 cougar_w
cougar_w's picture

Is JPM in a local financial district? If so then a bomb might have been generically directed at the denizens of finances and not any particular outfit.

Regardless, a warning from someone there. The Greek zeitgeist must be getting pretty wound up about now.

cougar

Tue, 02/16/2010 - 15:57 | 232880 Lndmvr
Lndmvr's picture

Maybe the building was " suicided" ?

Tue, 02/16/2010 - 16:25 | 232949 Mad Max
Mad Max's picture

Good thing it wasn't named WTC7.

Tue, 02/16/2010 - 18:43 | 233181 35Pete
35Pete's picture

How unfortunate for the American public that the "terrorists'" actions resulted in that building, two blocks away, pancaking through itself due to debris damage, thus destroying mountains of paperwork related to SEC investigations of Wall Street during the 1990's. 

I blame the building contractor for WTC 7 as well as 19 men from caves. 

Had they designed the building so that it wouldn't auto-collapse after being damaged we might have stopped the financial carnage a decade earlier. 

Now one can only hypothesize and duck afterwards from the accusations of "paranoia". 

Tue, 02/16/2010 - 22:31 | 233417 DaveyJones
DaveyJones's picture

I blame the BBC for announcing it was down fifteen minutes early, and Silverstein for announcing his decision to "pull it."

Tue, 02/16/2010 - 22:32 | 233418 DaveyJones
DaveyJones's picture

dup

Tue, 02/16/2010 - 15:58 | 232882 Anonymous
Anonymous's picture

makes a change for the banks not to be behind terroism for a change
this is a good sign
Next the vampire squid hopefully

Tue, 02/16/2010 - 15:59 | 232889 Anonymous
Anonymous's picture

Shouldn't the intention be to put the bomb on the inside of the office?

Tue, 02/16/2010 - 15:59 | 232892 carbonmutant
carbonmutant's picture

 Greeks are 4 meals away from Anarchy

Tue, 02/16/2010 - 16:27 | 232951 cougar_w
cougar_w's picture

Wait. You mean right now? Or is that a general rule?

i <3 teh greeks.

cougar

Tue, 02/16/2010 - 17:43 | 233093 carbonmutant
carbonmutant's picture

Actually I was speaking generally but as I posted in Leo's contribution this morning:
The Greeks have to bring the budget deficit down to 3% from 12% by March 16.

That's the definition of Martial Law.

The price of Souvlakis is going up.

Tue, 02/16/2010 - 15:59 | 232894 Going Down
Going Down's picture

 

Quote of the Day

 

“We’re trying to change the course of the Titanic,” Greek Finance Minister George Papaconstantinou said ahead of meeting with euro zone finance ministers in Brussels on Monday. “People think we are in a terrible mess. And we are.”

 

http://blogs.reuters.com/great-debate/2010/02/16/greece-an-ideal-goldman...

 

 

Tue, 02/16/2010 - 16:01 | 232899 walküre
walküre's picture

A system that allows governments to go into debt by raising cash on a bet against their own nation is at minimum perverse. Any bank that proposes this SPV and delivers the funding is a moral hazard .. to say the least.

Brokers, financiers taking bets against a country's default.. C'mon guys.

This is a recipe for revolution by the people that realize their country is being robbed and stolen from under their feet.

Only a matter of time now UNLESS a government comes clean and parades the crooks down the street.

If that doesn't happen, the shit will hit the fan once again.

 

Tue, 02/16/2010 - 16:03 | 232904 buzzsaw99
buzzsaw99's picture

Poor innocent building. :shniff!!:

Tue, 02/16/2010 - 16:05 | 232909 JR
JR's picture

All peoples of Europe are watching this banker-run crisis, and can see the dangers.  It gets to the point that people will take the international bankers’ pieces of paper and tear them up.  If they say “but it’s illegal,” the people will say fine, what’d you going to do about it?

Yeltsin got up on a tank in 1991 to defy the August coup against perestroika and the soldiers gathered around him and they said, we’re here to protect you.  That’s what a revolution is.

On 6 November 1991, Yeltsin issued a decree banning the Communist Party throughout the RSFSR.

Tue, 02/16/2010 - 16:13 | 232927 THE DORK OF CORK
THE DORK OF CORK's picture

JR Yelsin may not have been the best example  , just saying

Tue, 02/16/2010 - 16:49 | 232989 JR
JR's picture

The Wall came down!

It was Aleksandr Solzhenitzyn, it was Lech Walesa, it was Yeltsin, it was thousands of unnamed courageous Russians, and it was Ronald Wilson Reagan.  It was fits and starts, it was egos and pressures, but it was a process, it was a revolution.

IE: my way of showing “the game is never over”!  :-)

Tue, 02/16/2010 - 17:04 | 233032 THE DORK OF CORK
THE DORK OF CORK's picture

Tell that to the boy whose grandmother died prematurely because of the collapse of all state utilities during the greatest robbery in the history of the 20th century.

Yeltsin was a traitor to his people - ask your typical Russian what they think of a man who stood by while a plague of locusts devoured his country.

Tue, 02/16/2010 - 17:32 | 233084 JR
JR's picture

Yeltsin was a traitor?  Why not stick closer to home.  How about Bush?  How about Obama?  How about Rahm Emanuel?  We are all being Palestinianized and “none dare call it treason.”

Tue, 02/16/2010 - 18:53 | 233195 35Pete
35Pete's picture

+100000000000000

Tue, 02/16/2010 - 16:08 | 232916 Anonymous
Anonymous's picture

Two years ago I suggested the following: place the "top" 50,000 new york financiers into internment camps; shut-down the "top" 50 US MBA Programs; ban employees from leaving any bank to work at another financial institution without government consent; new york banksters must remain employed and fully engaged until bailout monies returned(ie they may have to work free until monies paid back) ; only banksters 70 and over are considered for the high level positions.

Tue, 02/16/2010 - 16:10 | 232922 Anonymous
Anonymous's picture

Greek version of ACORN in action.

Tue, 02/16/2010 - 17:03 | 233038 dnarby
dnarby's picture

-1

...For insulting mad anarchists.

Tue, 02/16/2010 - 17:23 | 233073 Miles Kendig
Miles Kendig's picture

And happy nonconformists.  -1

Tue, 02/16/2010 - 16:12 | 232924 Anonymous
Anonymous's picture

I have no problem with it. Think of all the lives that have been destroyed or outright ended thanks to the machinations of Goldman et al/betting against the housing market, etc.

They apparently had a pretty good idea that thousands of people would lose their homes, their families and lives destroyed... I don't remember them using all their expertise to launch a huge campaign to bring this to the attention of the appropriate people in Washington.

No, they merely wanted to profit from it.

Tue, 02/16/2010 - 16:38 | 232975 walküre
walküre's picture

+1

It is perverse. Worse than usery.Worse than war profiteering.

People are hurting.

Much of that contributed to the rise and popularity of ideologues, demagogues and populists in the last century.

 

 

Tue, 02/16/2010 - 17:00 | 233027 JR
JR's picture

I like Mish: he has a way of summing it up as you read:

Conflict of Interest

Please note the above conflict of interest. JPMorgan Chase was advising the Fed on the value of securities it was dumping on the Fed. Geithner had to realize this conflict of interest existed but purposely did nothing about it.

and

Given that unsecuritized garbage was passed to the Fed, one can easily spot Jamie Dimon's lies. The Fed received the worst of Bear Stearns' garbage, not the best...

Fed Lies
The parade of lies still continues.

People familiar with the portfolio said Maiden Lane I’s losses were concentrated in commercial real estate assets, which had a face value of $8.4bn and an estimated worth of $7.7bn when they were acquired by the Fed.

As of September they had been marked down to $4bn, filings show.

Note the original value at the time the Fed sponsored Maiden Lane was $7.7 billion. Thus, Geithner purposely overpaid JPMorgan $21.1 billion.
The current value of those assets is $4 billion. Which brings us to the final lie in the series: The Fed said the assets were worth $27.1 billion at the end of 2009.

All these $21.1 billions!! Is this not  the stuff of which revolutions are made? – J.R.

Tue, 02/16/2010 - 23:41 | 233510 Anonymous
Anonymous's picture

sponsored by Drew Barrymore for CoverGirl

Tue, 02/16/2010 - 16:51 | 232962 Andrei Vyshinsky
Andrei Vyshinsky's picture

To see these crises as the product of avaricious and criminal bankers alone is simply the worst sort of naivete. At no point in the history of the relevant causal events were they not assisted by the worst sort of political pathogens. The problem here is to be discerned in the symbiotic relationship of john and whore, not simply the john. And to be rid of the john requires being rid of the whore lest the whole contaminated structure reassert itself. It will hardly do to poke at the absess; more radical surgery is needed. We are quite beyond reformative measures.

Tue, 02/16/2010 - 16:36 | 232972 Hammer59
Hammer59's picture

Unfortunately," appropriate people in Washington" is the biggest oxy-moron of the century.

Tue, 02/16/2010 - 16:51 | 232998 hired goon
hired goon's picture

JPM probably have the insurance valuation of the building set at 2007 levels...

Tue, 02/16/2010 - 18:55 | 233196 35Pete
35Pete's picture

With a double indemnity clause for acts of terrorism. 

The FBI will investigate this and declare that it's the work of Al-Quaeda. 

Good PR for the war ya know. 

Tue, 02/16/2010 - 16:51 | 233000 GS is short Gold
GS is short Gold's picture

I definitely don't condone targeting bankers, but I understand it.

Tue, 02/16/2010 - 16:55 | 233001 Lndmvr
Lndmvr's picture

Does this mean after the banks come the gov't offices? Could be all the lame excuses for our fine officials to get the hell out with some of the supidest reasons. Don't wanna be around or on the incumbent list. Problem is, the names are burnt in our minds already.

Tue, 02/16/2010 - 16:55 | 233012 Anonymous
Anonymous's picture

pics or it didnt happen

Tue, 02/16/2010 - 17:00 | 233025 Gimp
Gimp's picture

Missing Link, not that I too encourage this activity but what is the difference between small individual acts and countries going to war and killing 100,000's of innocent civilians? 

Who knows the true toll reaped by the bankstas?

Tue, 02/16/2010 - 17:06 | 233040 Missing_Link
Missing_Link's picture

Are you trying to draw me into an argument about the Iraq War?

Sorry, I'm not going to fall for that.  The bombing of JPM in Athens cannot be justified regardless of one's opinions of the War in Iraq.  Period.

Tue, 02/16/2010 - 17:14 | 233057 THE DORK OF CORK
THE DORK OF CORK's picture

Missing Link - All states are born in violence -  the state in its most simple form is a institution that has a monopoly of violence , most people accept this arrangement since to do otherwise is to invite chaos.

But what if the State was clearly governing in the sole interest of a small elite with no regard for its wider responsibilities.

Would you accept the laws of this junta regardless ?

Tue, 02/16/2010 - 17:22 | 233070 Missing_Link
Missing_Link's picture

But what if the State was clearly governing in the sole interest of a small elite with no regard for its wider responsibilities.

Part of the whole point of a democratic society is you can replace the leaders without chaos and bloodshed.  Convince enough of your fellow citizens of the justice of your point and you can vote new candidates into office.

You want to enact change?

Try doing what Tyler does.  Start a blog, speak the truth, teach people the facts, and convince them that change is necessary.

Resort to planting bombs, and you admit defeat.

Tue, 02/16/2010 - 17:39 | 233090 agrotera
agrotera's picture

Great words of wisdom Missing_Link, and I am so sorry for your loss.

Tue, 02/16/2010 - 17:23 | 233074 JR
JR's picture

As one example of the "bankstas' toll,' Gimp, Dr. Carroll Quigley in Tragedy and Hope shows how the Wall Street bankers helped give China to the Communists: Says Quigley: “The influence of the Communists in IPR (the Institute of Pacific Relations) is well established, but the patronage of Wall Street is less well known.”  He relates how the IPR money came from the Carnegie Foundation, the Rockefeller Foundation, and specific Wall Street interests, adding, “The financial deficits which occurred each year were picked up by financial angels, almost all with close Wall Street connections,” including Thomas Lamont, the senior head of J. P. Morgan and Company, and his son, Corliss Lamont.

Dr. Quigley, who was Bill Clinton’s mentor at Georgetown University, in talking about the loss of China, attributed John T. Flynn’s book, While You Slept, as the first to expose how leading book review journals were loaded to aid the Communists.

An estimated 65 million Chinese died as a result of Mao’s banker-financed Great Leap Forward. Ironically, Professor Quigley, who was an Establishment insider, trusted these benevolent conspirators.  They are the “hope” of the world; we who resist are the “tragedy.”  Thus, Tragedy and Hope.

Tue, 02/16/2010 - 17:15 | 233058 Gimp
Gimp's picture

Who said anything about Iraq? I am talking Wars in general. And yes I am a veteran in case you are wondering and have been to the mid-east a number of times.

"War is merely a method of exchanging assets" 

Tue, 02/16/2010 - 17:28 | 233080 Missing_Link
Missing_Link's picture

OK, well, I still fail to see how it's relevant.  Last I checked, this was still, to some extent, a democratic country, and peaceful political change was still possible.

If you want to change the state, do what Tyler does: inform your fellow citizens and convince them with facts.  Part of the point of a democracy is that we can replace our leadership without having to resort to violence.

Resort to planting bombs -- or encouraging those who do so -- and you admit defeat.

Tue, 02/16/2010 - 17:38 | 233088 hedgeless_horseman
hedgeless_horseman's picture

Please, have your avatar exchange its sword for a pansy.

Tue, 02/16/2010 - 17:48 | 233102 Missing_Link
Missing_Link's picture

Oh, don't misunderstand me.  I'm hardly a pacifist.  In fact, I strongly advocate violence against al-Qaeda and the Taliban.

In the context of a democratic republic, though, and organizations that work within such a democratic republic according to the laws of that republic, there is no room for violence, and it must be repudiated.

Tue, 02/16/2010 - 19:37 | 233232 Anonymous
Anonymous's picture

'Democracy is 2 wolves and Sheep? voting on whats for dinner. Liberty is a well armed sheep protesting the vote' -Ben Franklin

Tue, 02/16/2010 - 20:31 | 233272 Lndmvr
Lndmvr's picture

First they came for the  Taliban and we were silent...............

Tue, 02/16/2010 - 20:48 | 233285 WaterWings
WaterWings's picture

If only you and the American people knew who Al Qaeda and the Taliban actually were.

Senator McCarthy would have been all over this were he alive. Well, his ghost is alive and well with US. The emerging generation will consider us foolish for having been suckered by the Neo-libs and cons. Works every time.

Hey, Missing, take your humanitarian posturing over to Iraq with a video camera and help us all wake up. Oh, wait, we already have people doing that but we have militant altruists standing in the way.

http://www.globalresearch.ca/index.php?context=va&aid=15744

Google further, if you dare. It's pretty disgusting and not for the eyes of the naive. Wait, I highly recommend it for the naive.

Tue, 02/16/2010 - 23:31 | 233490 merehuman
merehuman's picture

Missing link , i was in difficult agreement until you said  its ok for us to invade foreign countries on false pretenses and then kill their people.  Nor is our country a democracy. I guess you still have a job and can influence your senator. We are a police state in all but name, in which the greatest theft of all time is going on. ACH , Thats, all okydoki. Right?

So are you part of the banking chain?

Pardon my angry attitude. I* plan to keep it till Bankers are in jail or gone to their heaven

Tue, 02/16/2010 - 17:44 | 233096 JR
JR's picture

No, a final resort to arms does not "admit defeat." It was a shot at Lexington that was heard around the world that led to freedom--not a speech.

Nathan Hale,  a soldier for the Continental Army during the American Revolutionary War, captured by the British, in his speech before being hanged following the Battle of Long Island: "I only regret that I have but one life to give for my country."

“What has commonly been called rebellion has more often been nothing but a manly and glorious struggle in opposition to the lawless power of rebellious kings and princes.

“If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace.  We ask not your counsels or arms.  Crouch down and lick the hands which feed you.  May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”  -- SAMUEL ADAMS: 1776

Tue, 02/16/2010 - 17:53 | 233107 Missing_Link
Missing_Link's picture

Some chickenshit little coward plants a bomb near a bank and you call that a "final resort to arms?"

Get real.

The Founding Fathers established this democratic republic so that we could replace our government without having to resort to bloodshed.

Don't think it isn't possible.  If someone like Barack Obama can be elected to the presidency, anything is possible (and I'll leave it as an excercise for the reader whether by "someone like Barack Obama" I'm referring to his race or his complete lack of relevant experience).

Tue, 02/16/2010 - 18:04 | 233122 JR
JR's picture

Tell you what, you give them your stuff.  I’m not going to give them mine.

Tue, 02/16/2010 - 18:17 | 233139 Rusty Shorts
Rusty Shorts's picture

Missing_Link,

"The Founding Fathers established this democratic republic so that we could replace our government without having to resort to bloodshed."

 

OK, let's replace the government then. We'll see how that goes, shouldn't be any problems.

Tue, 02/16/2010 - 19:02 | 233205 35Pete
35Pete's picture

Hey, missing_link is right. We DID REPLACE the government in 2006 and 2008. 

Now everything is fucking Age of Aquarius here in the states. 

 

Tue, 02/16/2010 - 20:45 | 233283 Rusty Shorts
Rusty Shorts's picture

LMAO !!!

Tue, 02/16/2010 - 20:49 | 233286 WaterWings
WaterWings's picture

I can only +1 you because that shit is awesome.

Tue, 02/16/2010 - 18:18 | 233145 agrotera
agrotera's picture

Hi JR--

at this point in our history stories of the American revolutionary war serves as less as a folk tale and more as a fairy tale for us since we have evolved into a country with a corrupted government that has nuclear bombs and endless weapons which makes the idea of another revolutionary war for us here in America impossible...in my opinion, the only way we can change the system is to get the majority of voters fully in touch with the corrupt machine and systematically vote out the puppets that pose as our representatives, senators and president, and vote in a whole new bunch that actually has morals.  I am afraid the notion of another American revolution might be a romantic distraction -- but who in their right mind would put themselves in front of such a corrupt machine to try to replace the scumbag puppets?

Tue, 02/16/2010 - 19:04 | 233209 WaterWings
WaterWings's picture

I respectfully disagree - they faced similar circumstances: Live Free, or Die, as Benjamin Franklin put it. We no longer have a representative government. It has been captured financially. Voting doesn't work anymore - especially with this new ruling for unlimited campaign finance from corporations born out of the twisted 14th Amendment. We started the long slide in 1913 with the advent of the 16th Amendment. Again, doesn't work anymore. The time for politics is over.

In the 18th century colonists could still feed themselves and were fighting for their way of life. Fighting for your way of life now gets you jailed, fined, and everything confiscated by the bureaucratic machine. We are taxed far more heavily then our ancestors. We are addicted to all manner of drugs, fast food, television programming. We consider it our lifestyle now. See Plato's Allegory of the Cave - the resistance to change this is immense - they don't actually want freedom. 

Go ahead and vote the new bums in. Same result.

Tue, 02/16/2010 - 19:25 | 233225 JR
JR's picture

Ah, agrotera! It’s good to hear from you; one with whom I can always share my thoughts.

Wars are fought primarily when one side of a conflict decides to stop surrendering, giving in and compromising.  I’m not suggesting that armed revolution will be the event that overturns our growing tyranny.  But as these disagreements between the people and their rulers become more and more pronounced, without redress, the implied showdown draws nearer.  Frankly, I believe that it will be a peaceful return to representative government.  I can envision that more and more Americans will conclude that they can no longer support a government that provides neither freedom nor a future for their upcoming generations.  It’s hard to imagine now what those events will look like but to believe a country such as ours, with its communications, inventiveness, mobility, education and heritage of freedom, will finally give up to police state is unthinkable.

When the public will gets strong enough, where will the rulers get the public support to use their 21st century weapons on their own people?  Where will they get the military commanders who will order American cities to be attacked?  Where will they get the soldiers who will burn and kill in their own communities?  A sea change in attitudes is now underway in this country.   Who can say where it will lead?

That said, it’s hard to imagine what a revolution will be when it isn’t here yet.  For example, it was hard for the Founders to think of taking on one of the world’s greatest sea powers and possibly the world’s greatest military power.  And it would have been hard to believe, if you were a Frenchman, and looking at the French monarchy, that you would fight against that kind of resistance, and that in just about two years that monarchy would be pulled down, the king would be killed, and the people would establish a new government. It was hard to believe as a Russian that the Soviet Union was going to fall—and that much of that fall would be without bloodshed.

John Fitzgerald Kennedy:  Those who make peaceful revolution impossible will make violent revolution inevitable.

Tue, 02/16/2010 - 19:45 | 233237 agrotera
agrotera's picture

Thank you so much  JR! 

I am grateful for your elaboration, and you are so right- i am a woman and generally,physically, a scardie cat, but my vision is also limited by my fear.  Everything you say is spot on.  With a corrupt machine for our government, even the most pristine righteous human beings would be in jeopardy to try to take the place of the puppets.  Literally.  I hope magic and miracles will happen for us all and the stars will align for the proper number of events to occur to give us legislators that work for us instead of their owners of half the DOW, aka the machine that is the owners of the privately held Federal Reserve Corp, and their cartel members.

Tue, 02/16/2010 - 23:08 | 233464 JR
JR's picture

I think you and I, and most here, will see the “magic and miracles” happen and “the stars will align for the proper number of events to occur to give us legislators that work for us instead of their owners of half the DOW.”  Soon, agrotera.  Soon.

When you're weary, feeling small,
When tears are in your eyes, We will dry
Them all;
We’re on your side. When times get rough
And friends just can't be found,
Like a bridge over troubled water
We will lay us down…

Tue, 02/16/2010 - 20:46 | 233275 Miles Kendig
Miles Kendig's picture

It’s hard to imagine now what those events will look like but to believe a country such as ours, with its communications, inventiveness, mobility, education and heritage of freedom, will finally give up to police state is unthinkable.

I thought our nation already had, looking at it from inside the institutions of Defense & Justice.

(On a new schedule agrotera?  Good to see you post a bit more. :-))

Tue, 02/16/2010 - 22:20 | 233407 agrotera
agrotera's picture

HI MK!!!  No new schedule, just distracted by alot of stuff, and missing some of the great interaction and info here!  Hope all is well for you!!!

Tue, 02/16/2010 - 17:53 | 233109 Hephasteus
Hephasteus's picture

Ya. I totally agree with ya. I was on the phone with bernanke and Lloyd this morning telling them about how what they are doing is affecting me and we talked it all over came to agreements on what to do that was in everyones best interest. Because we live in a democracy where everyone gets to be heard and we have a responsive government that answers all our emails and explains itself to us well.

On the bright side missing link you'd be great for that psych experiment where they plug you up to a shocker and make you believe you have control over being shocked but really you are just shocked at random no matter how you answered the questions. I think you'd be the first person to never figure it out.

Tue, 02/16/2010 - 17:55 | 233113 Missing_Link
Missing_Link's picture

You know, Hephasteus, if you'd bothered to really read my comment, you'd have realized that I was referring to the process of democratic change, not making phone calls to the CEO of Goldman Sachs.

 

On the bright side missing link you'd be great for that psych experiment where they plug you up to a shocker and make you believe you have control over being shocked but really you are just shocked at random no matter how you answered the questions. I think you'd be the first person to never figure it out.

Oh no!  My little ego.

So.

Utterly.

Crushed.

Forgive me  ...  I must now retire to the anteroom, where I shall weep bitter tears.

Tue, 02/16/2010 - 18:18 | 233143 Hephasteus
Hephasteus's picture

The cognitive dissonance is really amazing. You believe in a process of democratic change that is somehow going to work while everything that is wrong is being masked and once uncovered is being dilluted or refuted or ignored.

MsCreant believes she is morally and ethically inadequate for public service becasue of her "past" horrible misdeads.

http://www.gumball144.com/wp-content/uploads/Image/MiscPics/bill_gates_0...

So strange how it all works. This making of angels and demons and demons who are angles and angels who are demons. Of unreasonable reasoning. Of pretense of love and faked momentary capitulation. No finallity a never ending stream of endless complex bullshit.

Sorry if you felt like I wasn't listening to your post. I really want you to believe I was listening without it actually affecting me in any way. I'll really read it super hard now. Haha. Not really. I'm totally making handcuffs and tasers. Well not me. I print counterfeit money and have servants do that for me. But anyway. I'm totally engaging you and being agreeable to what you said. Totally. This democratic peaceful change thing will really really work if we believe in it hard enough. "Build the goddamn prisons faster you fuckheads or I'll find someone who CAN do thier job right." Oh sorry was interrupted. Where was I.

Tue, 02/16/2010 - 20:44 | 233281 Miles Kendig
Miles Kendig's picture

Describing life at 13 cents an hour....

Wed, 02/17/2010 - 00:17 | 233554 35Pete
35Pete's picture

13 cents? Can that be offshored to Sudan for less? 

Wed, 02/17/2010 - 02:15 | 233654 Miles Kendig
Miles Kendig's picture

We already have.  Except we're paying billions more.

Tue, 02/16/2010 - 21:14 | 233310 WaterWings
WaterWings's picture

A constitutional republic only works when the government fears the people. They don't anymore:

http://www.youtube.com/watch?v=DAwmX5O-FAE

We can talk all day long about how we wish it could be. Meanwhile, they are ready to break your thumb backwards and then make you pay a hefty fine for having disagreed. Fuck them.

Wake the fuck up - we don't live in an academic vacuum. This shit is happening NOW.

Tue, 02/16/2010 - 18:14 | 233140 Anonymous
Anonymous's picture

The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure.
Thomas Jefferson

Tue, 02/16/2010 - 17:29 | 233082 Anonymous
Anonymous's picture

so - is this the 'debt bomb' we keep hearing so much about?

Tue, 02/16/2010 - 17:31 | 233083 Gimp
Gimp's picture

ML we have obviously got off on the wrong foot, I am not advocating violence and agree with you that any change should come peacefully whenever possible. History has shown that sometimes individuals and/or groups resort to violence to achieve their goals. The birth of our great nation would be a perfect example. Nuff said!

Tue, 02/16/2010 - 17:32 | 233085 Missing_Link
Missing_Link's picture

Fair enough  :)

Tue, 02/16/2010 - 17:51 | 233106 Gimp
Gimp's picture

JR being a bit of a student on Nathan Hale myself it is not clear whether he actually said those famous words (wish he did) but is attributed to a play written about Nathan Hale a number of years after his death as the final line in the production.

I know if I was about to get my neck stretched by the redcoats I would probably be pissing myself! :)

Tue, 02/16/2010 - 18:30 | 233159 faustian bargain
faustian bargain's picture

Although somehow I doubt the Revolutionary War was fought by colonists who believed they would be immune to punishment if they were ever captured by the British.

Tue, 02/16/2010 - 23:46 | 233516 merehuman
merehuman's picture

I spit!

Tue, 02/16/2010 - 18:27 | 233158 Anonymous
Anonymous's picture

WhosNext says:

Though I certainly do not approve of using physical violence (like bombing), I can understand people frustrations. Seems those Greek lads who bombed JPM have a good understanding of where the trouble lays..

Tue, 02/16/2010 - 19:20 | 233223 MsCreant
MsCreant's picture

Coulda been girlz. Just sayin'

Tue, 02/16/2010 - 18:32 | 233162 sgt_doom
sgt_doom's picture

And a blast from the Good Old Days:

September 16, 1920: a bomb exploded in front of the headquarters of J.P. Morgan Inc. at 23 Wall Street, injuring 400 and killing 38 people

http://wapedia.mobi/en/J.P._Morgan_&_Co.

People...please be sure to set the bomb so that only the senior most execs (Hi ya, Jamie) are introduced to Smithereens!  Watch out for those innocents, enough of them are killed by the US War Machine over in Iraq and Afghanistan.

Tue, 02/16/2010 - 18:40 | 233178 Anonymous
Anonymous's picture

WhosNext says:
:'( ditto. However, what can (any nation)people do against the fi pundits bulldozer?

Tue, 02/16/2010 - 18:37 | 233170 Willzyx
Willzyx's picture

Isn't this how Fight Club ended?

“The buildings are empty. Security, maintenance, all our people. We’re not killing anyone man, we’re setting them free.”

 

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