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Jamie Dimon “I Wouldn’t Panic About What I’m About To Say..."
Reports Bloomberg: "JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon said some municipalities will need to renegotiate their debt and that hundreds of them may “not make it.” “I wouldn’t panic about what I’m about to say,” he said today at a U.S. Chamber of Commerce event in Washington. “You’re going to see some municipalities not make it. I don’t think it’s going to shatter America, I just think it’s a part of the credit cycle." Precisely: and it is precisely the part that JP Morgan comes in and offers sale leaseback offers to said munis, and other ingenious financial solutions that see munis selling their assets to the bank which after the Fed, has the biggest balance sheet, and can thus offer to engage in some even more creative asset-liability mismatch. Also explains why unlike Meredith, Jamie will not only not be asked to come in and testify to congress over his abrasive observations of an insolvent American reality, but will be lauded as a hero as he will provide funding to buy insolvent municipalities a year or two of time, which upon expiration will see Jamie end up with even more assets formerly belong to taxpayers, but by then everyone in the current District of Corruption cadre will be long gone with their part of the spoils. And so the "credit cycle" turns.
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Jamie Dimon:
"Eat crow, bitches"
Flock of Crows:
"We'd rather eat the Jamie Dimon of the JP Morgue"
Jamie:
First of all, you're a slimy white-collar criminal bankster bitch.
Second, judging by your active manipulation in commodities, Mr. Fraudster-Dimon, I'd say you're the one showing signs of panic.
Silver taken down bigtime today, only to rally back up almost 1% above opening price. 300 days of that and.......
That's what I call defeat.
Yeah, silver won't even phase JPM. Worst case they do a swap with the Fed to take it off their books then they go long and laugh. When you have the total power to allocate losses to other parties it's not hard to win in every trade. The American suckers get to eat their losses so I hope everyone is hungry for shit sandwiches.
That assumes the counter-party demanding their physical just happily goes away silently. As the USD sinks, less and less of the large hedgies are going to want a USD cash settlement in lieu of the metal. Then what?
Then they change the rules mid stream. Don't like it? Make them play by the rules. You see, every day of this insanity is a direct and clear challenge to the people of America in particular and the world in general.
"Don't like it? Then do something about it...................Yeah, I thought you wouldn't."
Not trying to be cruel or in your face here, but this is what it all boils down to. The bully Fed is standing in the school yard with your lunch in his hand and he's saying to you...."Do something little boy."
CD, you know as well as I do that is must be BEYOND too late for anyone to get pissed off enough to do anything about it.
I didn't say putting our foot down would fix this mess or make it better. Never even implied that.
What I was saying was that we are being challenged and the reason it goes on is because we, the collective "we", allow it to go on. "We" are not powerless folks. We aren't helpless victims regardless of what we tell ourselves. I'm not talking directly to this board as much as I'm talking to the general population.......who of course wishes to remain the victim and thus won't be reading this or anything else on ZH.
I refuse to be the victim and declare there is nothing I can do to stop it. Of course there is. However, there is no will to do anything about it. Put 10 million people in the streets of 10 cities total and it will begin to slow down. Put 20 million and the powers will get very upset. Put 30 million and it will stop.
I'm talking about stopping the bleeding. The patient might still die even if the bleeding is stopped. Does that we we shouldn't even try? Rhetorical question.
I wasn't trying to imply that you were implying what you thought I was trying to imply. I agree with you; my assertion is that 10 million people of like mind and equally pissed off will not congregate until it's beyond too late. We are too willing, as you said, to take the whooping. But I think this is mostly because we can't find 10 million, you's and me's that we can trust to absolutely crush the streets of washington.
Just do me a favor and let me know when the bullets start flying.. at least then I should be able to see who's who and what side I should be on.
Sorry if I implied......umm......ah hell, just forget it. :>)
James Allen stated, "You are today where your thoughts have brought you; you will be tomorrow where your thoughts take you."
shall we start the cloning process and storm washington?
I keep saying this will take much, much longer than anyone has forecasted to go down as in SHTF. What that means is not that the numbers are wrong but the PTB will do anything to continue. If that means hiring XE to assist in the patriotic efforts to reflate the bubble (gods work after all) then they will..
People die, but corporations can live forever. The banks will continue to deprive everyone of the assets built and accumulated by generations of people. The banks are fine with waiting you out, taking free cash from Bernank in the meantime, because you'll die first and cease to be a problem.
Common Law Living Trust bitches.
http://passingbucks.com/
You can still order them, for now. Hurry, before the IRS succeeds in getting their injunction. So far the judge is putting up resistance.
I am Chumbawamba.
Let me interject one possibility. Retirement Funds; this is the big one for the banks. Up till now they have been totally isolated as Americans go broke except by Americans who have to cash them in. The banks are looking at this trend in horror as this is their next target. Shrinkage in retirement funds means less for them because in 2013, the first order of business for their legislative Ho's will be making 401Ks , IRAs and even pension funds prime targets on the war against the lower 90%. An army of locksmiths(lawyers) will fan out to break those bitches open to satisfy the debts (fraudulent debts made up by the banks as soon as this new legislation gets through) of the people who are going broke before they start tapping them themselves.
They can't wait for Americans to die as they pot of gold will disappear. This is the last great pot of Gold they haven't been able to get their mitts on. It may not be in the news or talked about much it makes total and complete sense especially in the context of George Carlin's (RIP) "we ain't in the club" rant.
Anyone think they aren't paying out bribes like crazy? This is worth billions too. There will be eBay powered password protected auction site for the votes of all of congress. Bid em up.
Calmyourself,
Not necessarily...a Constitutional crisis would do a lot to clarify the mind...and shed light on the FUBAR nature of the current situation. In the meantime, there are a bunch of new members of the House of Reps that were sent to DC for EXACTLY THIS PURPOSE.
So while I am not forecasting what is about to happen, neither would I make hasty conclusions about how things will simply carry on like they have been carrying on.
In case you have not been paying attention, things are changing at the speed of light...and are entirely unpredictable these days. And these new and wonderful and modern American Marxist/Banker markets can reprice themselves in minutes.
A brief look at the campaign sponsorship for the '10 election leads me to think they may not be in for a constitutional crisis. The last months of congressional activities reinforces that thought.
Thanks for the coherent thought. However, I have been paying attention to activities in DC and what I find amusing is this motley collection of fools will somehow facilitate a constitutional crisis. The system will continue but you continue to pin some hope on the few left in DC with a brain AND a set of cojones, a rare combination indeed within the beltway.
Change is constant as is the overwhelming desire for the vast majority of America to continue the charade..
Hiring me to do what? Did I apply? Wait, I'm "X_O_E"! Whew.
Exactly right CogDis, what rules? Theyre saying 'This is OUR game, see? You dont like it? What are you gonna do about it! NOTHIN, thats what'!
TBTF privileges are reserved for the elite. Municipalities won't be allowed to fail either but for different reasons and by other means.
I dont agree. Central banksters couldnt care less about municipalities which are largely mom and pops retirement funds. Making them whole for a comfy golden years and paying for their subsidized drugs and food and housing serves a central bankster NOTHING, and thats all that matters today!
My point was missed. We agree. The municipalities won't be allowed to fail but it will be because the bankers will see an opportunity to take advantage of desperate local politicians trying to keep their constituents happy. The banksters will be offering loans with onerous terms and when the municipalities default, the banks will be the winners. Taxpayers will again be on the losing side of that transaction.
There's plenty We as a collective can do about it.
As Cog Dis said.
30 million in their front yard, would get their attention, and ANY Attempt at martial law to squelch it, would be their ultimate demise.
However, by doing the 99 week routine ,over, and over, they have guaranteed no one coming physically against the machine.
End that,stop SS/MC/(not entitlements BTW),and Welfare to the truly needy, and you have an Ultimate shit sandwich.
And they will be on the eating end.
If they start shooting Americans, and Armageddon is here for the IN CROWD.
Problem is, the Sheeple have not felt enough P_A_I_N, yet.
As noted below - Time for a new Max Keiser campaign :
Crash the entire Bankstering and Administrative crime syndicates.
Dont pay mortgages, credit card bills, loans, or taxes.com
Possibly a way to exercise control, by throwing more fuel on fires already burning across mortgage markets.
...."Do something little boy."
the mere contemplation of which, doing something, results in this----->vinmac.com
soviet, they've long been ready for any such thoughts
gulag
When you have the total power to allocate losses to other parties it's not hard to win in every trade.
+100
Heads I win, tails you lose. Keep playing the game. One day you'll win for sure.
Some thoughts on a real silver price based on recent comments from Sprott.
http://goldandsilverlinings.com/?p=398
JPM can play all they want but in time will get burned. But unfortunately as mentioned will likely get bailed out.
you mean "murder"
If it happened, I would call it a "justice" of crows.
Too bad he didn't come forward in 2007 and say I see a problem in the sub prime real estate market and specifically the CDO's and related AIG hedges. Where was he then?
So the "big Short" is on again. Muni's have been priced in. As always, when they say "we don't want you to panic, but...... they really do want you to panic. It sets the trade in motion. Hank Paulson knows this all to well.
Actually a "flockof crows" is properly referred to as a "Murder of Crows." Which I think we may all safely be able to find a little satisfaction in the beauty of the homonym and resulting ironic metaphor. With safe satisfaction being in such short supply these days I will take it where I can get it.
Dimon:
The bad news is that your pensions have been looted... the good news is that if we take them over, lots of money can be made...some of it perhaps, by you!
"...I wouldn't panic about what I'm about to say, but I FUCKING OWN AMERICA BWAAAHHHH HAAHAHAHAHAHAHA"
Kind of a Bobby Knight quote about enjoying it.
What the fuck are you talking about you fucker? :P
Meredith luvs Jamie.
Gasparino doesn't.
Municide bitchez.....Things will not get better in Amerika/World until at least one of these banker/corporate slag assholes is shot in the head live on CNBC.
Pennies on the dollar for your pensions, bitchez. Hope the retirees like dumpster divin.
You know Dog,
If our politicians had any sense or courage, and if they understood anything that has been happening over the last two years, and if they really represented the people, they would not raise the debt ceiling.
By definition, the Ponzi scheme ends when the last man in [Ben Bernanke and the preferred banks] does not have enough to pay off the next man exiting. As such, this issue of the debt ceiling is the perfect end to the perfect crime that lasted until...just now. Poof.
"All Madoff bankers, please report to the justice department. Thank you."
You're implying that congress, the executive, and judicials aren't in on the game. lulz!
As someone noted yesterday, once you're elected/work for someone who's elected to congress your CAGR hits a pretty nice percentage.
Indeed...I am implying that not ALL of them are in on the game.
And those are the ones who are already blackmailed or have been painted as loons by the MSM.
Even if they manage to keep clean and gain some traction in the ideasphere, they will discover their fate is the same as the Kennedy brothers.
The idea that politics represents solutions, and not problems, is a mark of immaturity that was likely ingrained into you from a political school system.
Government is simply the most organized form of crime. To expect criminals to perpetrate crime onto others in your name is pure insanity.
NotApplicable,
Listen, I'm sure we would very much agree on the nature of government, how it should be reduced, defunded, shrunk down to paving roads and training an army, etc. However, April 8 is the deadline. People will be voting...they are in congress.
So...now cue up the reply about going into congress guns blazing...right? You might want to check the mirror for a maturity problem if you somehow think America will not have a government by next week. Right? In the meantime, and since I don't believe in the guns blazing approach, let's simply concentrate on the rule of law...which I suspect we BOTH would like to see upheld. In this case, how it is the responsibility of Congress to determine the debt issue through a vote...and not Ben Bernanke's fiat providence.
Good grief.
Cdad,
let's simply concentrate on the rule of law.
Well, that's the heart of the matter, the sheeple and 98% of the rest of us do.
All the while the PTB, are making new laws and rules as they go along, and daring us to GET IN THEIR face.
We are in a no win situation, unless we're willing to pay the ultimate price.
We're not.
Basically with 9 of 10 of the Commie Manifesto tenets already in our Gvt/schools/laws, we're to put it succinctly Screwed.
We are now, and have been for a while living in a socialist/fascist state.
You're wasting your time; guy's a pussy.
slewie thinks that w/out QE to well past 4.8.11, Treasury checks will bounce.
i'm not up to speed b.c the 'tea party' was co-opted so fast, it just made me laugh. so, since i don't giva flying fuk about the MSM bullshit, iyam not aware of the size of their majorities in the legislative bodies. can one of you geniuses help me here?
hey! if they can shut the fuker down and cause mass goobermint "worker" furloughs, and mil RIF, great! maybe it is possible, i just haven't seen the #'s, is all. instead of hopium II, howzabouta link?
it seems the Morgue is relying on municipalites to serve up The People's assets to them to keep from any "drastic cuts in services" which might also be negative for Homeland Security. locally, or any other fukin bullshit reason they care to dream up. with 2 other guys, a very close friend of mine canvassed the entire city of petaluma, CA, for min. wage @ 30 hr weeks, i might add, about 15 years ago to stop the privatization of the then-needed new sewage treatment plant. once the common folks understood the "possible" criminal intentions of the city council and "da boys" who were paying for their "vacations" and a few other nice things, too.
once we got the debate outa the "chamber-controlled" press, and established that the new "private" utility would not be subject to the P.U.C., he said people were running out from the neighboring houses so they wouldn't wake the babies by ringing the doorbells and saying "i'm next, ok?"
the bundles of petitions resembled benny hinn's "prayer requests" and by the time the elevant P.U.C. Office, which had thus far "played along", of couse, finished weighing the fukers, the rest of that little "agenda item" took less that a minute to resolve.
-- George Carlin
Its THEIR game now! Theyve bought off all the clowngress politicians while america slept, full of good times and bubbles and burgers, flippin houses.
Now the FED and all its people listed on speed dial on Wall St are saying 'Its OUR game now! You dont like it? What are you american people gonna DO about it! NOTHIN, thats what!'
Huh? These guys...these TBTF bankers are always one bad T Bill auction and one FASB change of heart from oblivion. What do you think happens if the debt ceiling is not raised? If silver hits $50 next week, how is that going to play on the JP Morgue books?
I don't believe in guns blazing, and neither do I believe complete surrender and apathy.
There is a place between these extremes...and this place is right in front of your face.
There will never be a failed T-Bill auction because the fed is doing all the buying. The fed is protecting the dog (the government) that protects them. The federal reserve would be irrelevant in anarchy. The punch bowl will never be taken away. People have more trust in what is in their wallet than any spiritual conception. The concept of God is questioned by everyone at somepoint in their lives. But can you say the same thing about a dollar bill?
"Pennies on the dollar for your pensions"
That's the tragedy of all this. The municipalities aren't broke, they have those big bloated pension funds. It's the banks that are broke, so they sink their vampire fangs into the pension funds and bleed them away. Bastards.
Big bloated pension funds? Yeah, right. The pension funds own the MBS bags of shit. The pension funds are so drastically underwater that those who are expecting to live off their pensions will be in for a rude awakening.
"panic" ? that is so 2008...
Tim Geithner:
"We have decided to give these fallen cities to the Chiense to settle some debt issues."
"This will be a booast to our GDP, as many Chiense will desend in on, and live in these fallen cities."
"Let's welcome the Chiense with open arms.
What will happen to you if you panic.
http://www.youtube.com/watch?v=i0GW0Vnr9Yc
Executive Officer Jamie Dimon said some municipalities will need to renegotiate their debt and that hundreds of them may “not make it.”
Is he refering to the municipalities or the sheeple attempting to survive the wealth effect?
hundreds of them may “not make it.”
Does this mean cities CEASE to exist?
That's the way I read it, and if so, HE damn sure is not the one to make that declaration.Nor assumption.
This is a Finance fkr!!!, albeit one of the most corrupt, and crooked on the planet.
I just soooo glad Jamie was wearing his Underdog costume and cape, so I would not be inclined to panic.
The I-131 levels are "really" "really" not something to get out of your chair about, no sirree!
Just more SOP examples? Just more activation to get out of that chair?
lol.
Fuck Jamie Dimon and the horse he rode in on.
+1 incredibly appropriate cliche
And Meridith Whitney got nailed to the cross for telling it like it is.
Precisely! I was reading the comments to see if anyone else connected these dots. If not, I was going to post the same exact comment. +1
Tyler connected the dots for the reader.
Yes, it does explain exactly this, TD. Nice.
Dagong is correct; these are The Credit Wars. This post describes only one domestic battle, between the banking class and American taxpayers.
While PIMPCO tried to put up a song and dance that all was fine and she was a liar. In related news, CNBC President reportedly said: "I don't want to panic you, but Steve Liesman just used the men's room after another 12 taco lunch.."
she got blackballed by finanical media even Gasbagino
Charlie Gasparino Raises The Possibility That Maria Bartiromo and Meredith Whitney Have Had LobotomiesI think his thread is still open for comments
as is the one at HuffPuke
http://www.huffingtonpost.com/charles-gasparino/is-meredith-whitney-flip...
I think Meridith exposed their scheme before it ran its course. Peter Schiff says she sugar coating the situation. http://www.distressedvolatility.com/2011/01/peter-schiff-federal-reserve-could-bail.html
meredith whitney does not know what the fuck she is talking about, jefferson county, the poster child for muni bankruptcy, has even avoided it for the past 3 years, and the reason they are going bankrupt is due to rampant fraud by JPM and couple of local crooks, and peter schiff, even though I like him, is a shitty investor. BTW, 25% of the year is over and haven't seen a big muni problem yet.
What absolute arrogance. Has he forgotten about the part of the credit cycle that came due for him but he avoided it due to Hank and Ben?
If Jamie says dont panic, I wont panic.
i would KICK jaime diamon in the NUTS, but "JAIME" is a GIRL'S name!!
I want to pronounce it 'hi may'.
Jaime Diamantes dice ciclo de crédito putos!
"The full extent of the multibillion-euro black hole in Ireland's bust banks will be detailed on Thursday.
The breathtaking losses in Allied Irish Bank (AIB), Bank of Ireland, Irish Life and Permanent (IL&P) and the EBS building society will be set out as the new coalition Government attempts to finally measure the debt mountain."
Read more: http://www.belfasttelegraph.co.uk/news/local-national/republic-of-ireland/extent-of-debt-mountain-outlined-15131846.html#ixzz1I6tmTQhD
Jammin Diamonds: "Our enhanced turbo teleport to the FED leaves JPM firmly in the driver seat."
I wouldn't expect anything less than expert advice from the people who caused the problems in the first place.
Reagan had it wrong. He should have said the scariest phrase in the English language was "Hi we're from JP Morgan and we're here to help."
Dimon should be getting his fudge packed at sing-sing.
Fascism at its finest: gov't goes knowingly goes into debt. Allows corporate interests to come in and save the day. Privatization of public assets. These days you can't tell the difference between your gov't masters and your corporate masters. Long live mussolini!!!
I wonder if Jamie's municipality will make it. What about Jamie's mom and dad? Will their municipality make it?
Arrogant prick.
Dimon does not have a mom and dad in the traditional sense. He was spawned from the primordial ooze from the bottom of a swamp.
Very nice imagery. And so fitting, too.
I would just add that he was fed liquefied kittens and puppies while in-satanic-utero, like all of satan's spawn.
Ritholtz:
We continue to watch the low volume levitation run as we head towards a denouement of the end of quarter window dressing, Friday’s NFP and the end of QE2 on June 30th. Earnings are good, analyst consensus for 2012 is very strong (too strong?). The hope is that the market might be able to “grow” into a reasonable valuation.
The sell off post Japan was shallow, and the snapback rally has moved up smartly. But as we mentioned yesterday, the volume has been abysmal, and the February highs were not taken out — yet — and they are a stone’s throw away.
Will Friday’s NFP report be a sell the good news situation? The gathering economic strength makes it more likely than not that the liquidity gusher will be turned off at the end of QE2. What might that do to traders thoughts?
And what of the wild card: QE3.
Here’s where things get tricky: It might not matter, because QE3 may already be here.
Keep in mind, Quantitative Easing is a term that was invented in Japan in the 1990s. While many believe that QE3 is dead in the US, from a global perspective, the Bank of Japan’s massive liquidity stimulus and intervention into the bond market is the equivalent of a US QE3.
Relative to the size of their economy, the BoJ spewed the equivalent of their own QE2 — in just 3 days.
How does that liquidity affect how you trade?
I heard other snippets of his presentation on CNBS. Don't regulate the banks, raise the debt ceiling, etc. The tone, the presumption, etc. - it was clear one of our Overlords was telling us what we should believe. Fuck you bankers, fuck you.
jaime jammin diamond, is a cracker nigga†
If things get really bad for me, I'm just going to tell creditors, "Meh, just part of the credit cycle. I wouldn't worry about it."
You ain't done that yet, what your waiting for?
This isn't news. Many have observed that municipalities may well have to re-structure their debt. The black swan here is whether a State like Illinois is forced into re-structuring. I'm thinking that every trick in the book will be used to avoid this.
A lot of these municipalities already did sale-leasebacks and other such financings for the past 20 years. These were done precisely as an end-run around voter-approval requirements for new debt.
But who cares what the voters think? They're morons. Look who they voted in? The people the do end-runs around voter-approval requirements.
The I-bank / bond lawyer / government cabal marches ever forward
Muni crisis is probably another one that will blow over and will soon be forgotten.
Because like everything else, they will just "extend and pretend" and cover up the holes with even more paper.
Why would this situation be any different than all the other financial problems that were solved by printing more paper and marking things up to fantasy land?
another prediction from the genius himself who tells us that the trick to being the world's greatest trader like himself is to ... buy home depot and abbott labs.
in the next breath he tells us securities markets are marked "up to fantasy land," so go long in size.
what a bumpkin wrapped in clownsuit.
Keep the lips flappin, Catfishmouth.
Tell that to the mom and pops that bought Auction Rate Securities from the broker-fucks you shill for...
http://online.wsj.com/article/SB1000142405270230487960457558227227649031...
Munis boonies, quakes fakes, oil boil, wealth stealth, lobbying bobbling, volume impugn, . . . reality is too horrible and fantasy is a dream. Keep dreaming . . . keep truckin . . . like a do dah man and eventually you'll be the GRATEFUL dead.
Truckin', like the do-dah man Once told me "You got to play your hand Sometimes the cards ain't worth a damn If you don't lay 'em down" Sometimes the light's all shinin' on me Other times I can barely see Lately it occurs to me What a long, strange trip it's been
Time for Jamie to backstop the Fukushima 50
I'm supposing it's that part after the banks blow up the fucking world, move all the private obligations onto the public balance sheet, then call for government austerity.
and then go in to to pick off the few remaining pieces.
Every article today is right on the truth. Whats the big deal? The municipalities over spent and the bill is due. That is not hard to understand.
Austerity isn't a walk in the park. Time to make sacrifices at all levels and pay for a decade long party.
Oh yea, exempt me from my portion of the tab.....i'm special.
Troll. Austerity is the playground of the bankers. We should Jubilee on their ass(es).
Repudiate!
"Sorry Mr. Bondholder, but that ain't my debt! You should really know better than to lend to criminals just to get some tax-free returns."
I can't wait to see the war of the upcoming property tax protesters vs. the cash-strapped munis. Why should anyone support an entity that is impoverishing its own community?
I agree. But muni bondholder haircuts won't hurt the TBTF. Slightly over 71% of these nationwide are held by individual investors.
Sacrifices? Surely you jest <sarcasm>
"Don't panic"
translation
"bend over"
THEY ARE BUYING AMERICA!!!
THE UNITED STATES OF JPMORGAN!!
WITH TAXPAYERS MONEY!!
I've gotta wonder if Bill Gross is preparing to purchase California at pennies on the dollar.
Dimon is not worthy of satire He does a good enough job on himself. He is certainly in no panic, and so what if a bit of a merry car gets shattered. He is on that masterpiece of financial engineering- the Credit Cycle. The not so secret weapon of the Central Banking Cartel.
Jimmy Dimon will buy your school, hospital, prison and parks and pay the municipalities with silver short contracts, problem solved!!!
ALL HAIL KING JIMMY!!! HAIL!
By the way, JPM hasn't crashed yet, despite all the dire warnings.
As usual, they are 100% backstopped by the full faith and credit of the Federal Reserve Bank of NY.
And their largest depositors are all clients of Bessemer Trust, which includes most PigMen and politicians.
Ergo, failure is impossible.
ergo, ask lehman and bear sterns. remember, the clown told us recently that pigmen (leh, bear) always win and losers lose. so i guess leh and bear were pigmen before they were losers according to the genius.
You really should read Othello....because you are sounding more and more like Iago every day.
In the event that you are not familiar with the character...He is one of Shakespeare's most famous villains...but his villainy is not the product of evil...it is that he posses no conscience whatsoever...and is driven purely by envy.
He really is a Remora.
Look up Commensalism.
He's the fish attached to the Shark, Eating droppings. Staying out of the way of the teeth, making his living.
Indifference to the prey that the sharks feed on, he's just there to pick up the table scraps from the orgy.
http://animaldiversity.ummz.umich.edu/site/accounts/information/Remora_remora.html
Cramer is pumping JPM.
Jamie: “I wouldn’t panic about what I’m about to say,”
Blythe: "Psss, Psss, Yo Jamie, plz don't"
Jamie: "WTF bitch, let me talk!"
extricate yourselves from the system, people. protect & hide what little you may have left before they steal it all.
Yes, stop spending money on crap! Buy PM's and neccesities only. Get off of credit if you are able. Downsize, simplify. Starve the beast! If we, the consumers, are 70% of the economy, then we have enormous power. This is a way to change the system...stop feeding them (corporations and Govt.). Pull as much money from the TBTF's as you can, hell it's not like your making any $ in interest anyway.
Take control of your own life, even in the smallest way you can. We each have the power to do this and it can add up fast when some of the masses play along.
WE "WERE" 70% of the GDP.
I have been trying to get my FERS - they keep saying they did not get the request. I will now send it in daily. Today she reminded me 3x of the penalties (10%) I would pay if I did take it.
I'd pay to see Merideth's wrestler hubby body slam Jamie.
Well, that post sure got a lot of people talking. In the end they are not going to like the America that they are creating. I think it will become an uncomfortable place to live.
These are epic times and somehow tragicomic: one by one, parts of "democratic" system (munis, communal services, schools, health etc coming, employment, local councils, some govs ...) are collapsing and still - markets remain high!?!
2 parallel worlds. Reality and finance - completely detached.
Amazing, isn't it?
+1
^
|________________ What he said!
Bullish for banksters is that cocksuckers like Michigan Governor Synder have already put in place new laws allowing States to take over any insolvent municipalities (incl school districts, counties, etc) . . . he'll make sure the banksters get haircuts only after everybody else is starved, I have no doubt.
Yeah. And where are our Tea Party friends to decry the loss of liberty and democracy?
What? Nowhere to be found?
Aw, that's right...THIS fascist asshole is a Republican.
Gross ignorance is seems to be at the wheel with you, sir.
Maddow on that subject:
http://www.youtube.com/watch?v=hcF-HJZYm-I
Yeah, Maddow is always sooooo honest and accurate. PLEASE!
It would be in your interest to give up the Kool-Aid there, blue pill boy.
What exactly did she say in this video that was dishonest or inaccurate?
Btw, gave up the Kool-Aid a long time ago - seems to me you are only partially detoxed.
Nevermind. If he bothered to pull his head out of his ass, he'd find the same information from a variety of sources.
Hopefully, the ensuing court cases will dismantle the worst of this fascist power grab before he can destroy the state constitution...not to mention the state.
http://www.truth-out.org/the-new-american-dream68847
Yes, Jamie is a big liar and a hypocrite. A criminal. A financial terrorist to use Max's phraseology.
Any person or entity not having direct access to the Federal Reserve printers is destined to become debt slaves of the Primary Dealers. This includes munis and pension funds.
Jamie, Lloyd and others of their ilk are backstopped by the Fed. As such, they get their money for nothin'. They can restructure all of the muni and pension bad debt at zero cost on their terms.
You, my friend, however, must continue to labor for every devalued penny. Real capital, as you know, is ultimately created by the labor of the people. To fund the PDs and their evil schemes, we must work harder for less and less. We are all Greece, now.
But what, me, panic?
http://therookiecynic.wordpress.com/2010/09/29/the-new-normal-a-lower-st...
So, not the Bankers are going to take over all of our parking meters, toll bridges, tunnels. Raise the fees and live like a king on tax payer assets.
Criminal. I think this is intentional.
Of course
Jamie Dimon will be the CEO of his new Mega-corporation Omni Consumer Products (OCP).
http://en.wikipedia.org/wiki/Omni_Consumer_Products_%28Robocop%29
10,000 Jefferson counties. Looted by hook or by crook.
What happens when all the rational working people move away and there is nobody to pay?
Jamie D market comment, early 2008: " It really bears watching".
Also an anagram of "Really bear, sit watching".
The Demon of The Morgue speaks
If your reading this message, your thinking. So stop. Instead put some porn on and buy all the dow+ S&P Futures you can.
What is this?? Naked Gun 2 1/2 "There is nothing to see here"
Another raping of the American people, trading gov. assets to banks for more worthless electronic zeros and people are going to cheer JPM for doing so.
WTF Give everything to the banks inturn the banks give the US electric zeros on their computer screens.
May as well be Farm Ville money.
What is this?? Naked Gun 2 1/2
If you picture Dimon played by Leslie Nielsen...it all makes sense.
He kinda sorta looks like Tickerguy, Karl Denninger.
What do you expect. At the most propitious time to take down the banksters, the government handed them the giant dildo and said "please sir may I have another". And so...
They (WE) will have another chance to take them down
It doesn't matter which financial crisis we talk about here, whether it's forclosures, sovereign debt, municipal debt, pension under-funding, whatever, the current solution is always the same that being extend and pretend. What we need to do on this site, and there is more than enough intellectual firepower here to do it, is figure out what is going to eventually change and throw this equilibrium out of balance and cause the landscape to shift. For example it seems that at present there is an almost insatiable demand for T-bills, the world is literally buying billions per day. Will something eventually take their place or is their really no substitute in which case the debt may be allowed to rise way beyond what anyone of us believes possible.
The bell has tolled, we have finally arrived at the end game; it is now time to accept corporate sponsorship. From the vantage point of corporate America, the branding opportunities are endless. Perhaps add some teeth to the naming rights-- make it punishable by a large fine should anyone refer to the rebranded municipalities as anything but what the corporate sponsor desires. The City of McChicago, Mayor Rahm "Ronald McDonald" Emmaunel. The typography of all of the letter "M"s to be replaced with the Golden Arches. Los AnGoogles. The Big Apple, where the world apple is replaced with Apple Inc.'s logo. And why stop at the municipalities? Street names can be sold to the highest bidder. The brand exposure is priceless. Meet me at the cross section of General Electric Avenue and We Bring Good To Things To Life Road. I heard the eBay of San CiscoSystems is beautiful this time or year. Endless revenue possibilities.
+1984
Cokeland, CA seems appropriate.
Let's do a deal.
This piece of business needs a large marketing and sales effort.
Who is going to underwrite the deals? I know a few people. Does it matter that the title gets flipped a few times down the road?
Once that's done, lets construct a CDO as well. Again, I know a few people.
Money is there.
This is America.