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JPMorgan... Or Long-Term Capital Management?

Submitted by Tyler Durden on 03/15/2013 10:57 -0400

This, too, is why Jamie Dimon is richer than you:

Compare and contrst to the performance of LTCM just before it had to be bailed out, ushering in the modern era of of Too Big To Fail.

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Fri, 03/15/2013 - 11:27 | 3332521 SKY85hawk

Time to reinstate Glass-Stegal.

37 pages was more effective for 60 years than Dodd-Frank, even if they ever finish it!

http://mjperry.blogspot.com/2010/07/dodd-frank-aka-lawyers-and-consultan...

Fri, 03/15/2013 - 11:29 | 3332529 ultraticum

"PLEASE REGULATE THE BANKS! SAVE US HANK, SAVE US TIMMAH, SAVE US BEN SHALOM! SAVE US YOU IDIOTS SARBANES OXLEY! CONGRESS [critters] WHO PREEN IN FRONT OF CAMERAS TO REGULATE BANKS ARE OUR HEROS!"

/sarc

That is the universal refrain of the sheeple in the New AmerKa (including some on this board), where bailouts are now the default solution that is NEVER questioned, and the premise for always more regulations to make us "SAFE".

HOW ABOUT DEBT-FREE MONEY AND CURRENCY CHOICE AS THE ONLY PIECE OF "REGULATION" REALLY NECESSARY TO FIX ALL THIS?

Tired of all the extraneous bullshit, I remain.

Ultra

Fri, 03/15/2013 - 11:36 | 3332551 SheepDog-One

Got a little 'red market' this morning just to consolidate and regroup for the ramp back to green which they're already doing.

Fri, 03/15/2013 - 11:40 | 3332560 strangeglove

I think my CON Fidence is shakeing and Bakeing. Can you stop rubbing this Shit in our faces Tyler, its in my teeth now.

HOW DO WE

Tap Out Already?

Fri, 03/15/2013 - 11:40 | 3332563 Sach Mahoney

Immoral Hazard

Fri, 03/15/2013 - 11:49 | 3332585 McMolotov

Bernanke and Greenspan: the Dukes of Immoral Hazard.

Fri, 03/15/2013 - 11:41 | 3332566 buzzsaw99

JPM could go to those bastards tomorrow, demand a trillion dollars, and get it.

Fri, 03/15/2013 - 13:16 | 3332865 alfred b.

Well of course it would get it: jpm rules the USTreasury!!!

Fri, 03/15/2013 - 11:42 | 3332568 jimijon

Someone explain the first chart. What year, what firm, etc.

Thanks

Fri, 03/15/2013 - 11:54 | 3332583 Big Slick

I agree. I know the Tylersesses want this stuff to get out quick, but this increasing trend of 'data dump sans explanation' is beginnig to sniff of the same 'baffle them with bullshi1" that we accuse Jamie Dimon of. I'll shut up.

Fri, 03/15/2013 - 11:53 | 3332596 blindman

jpm, 2012, synthetic credit portfolio. numbers represent losses.
my guess.

Fri, 03/15/2013 - 11:55 | 3332601 unplugged

So let's see, Senate Hearing - ya. That's like the employees calling ownership into a meeting to ask them if they are lying and cheating - HAHAHAHAHAHAHAHA!!!!!!!!!!!!!

Fri, 03/15/2013 - 11:57 | 3332615 AndrewJackson

So any zerohedge care to comment on how 65 k june sp mini atm calls are bought today and the vix is unch for the day at a ultra high level of 11.3?

Fri, 03/15/2013 - 12:01 | 3332638 francis_sawyer

Waddell & Reed are indisposed at the moment... ''Spring Breakin'" it with the Girls Gone Wild cast & crew...

Fri, 03/15/2013 - 14:49 | 3333195 hooligan2009

long vol huh? dont be "crossed"! :>)

Fri, 03/15/2013 - 11:58 | 3332617 lynnybee

I luv this ZEROHEGE website!!

Fri, 03/15/2013 - 12:01 | 3332626 unplugged

JPM t-shirts worn to Senate hearing...

JP MORGAN

ya, we lie and cheat
but what ya gonna do?

just shutdafuckup
and kiss my ring

Fri, 03/15/2013 - 12:16 | 3332677 omi

Not a fair comparison. LTCM was a small hedge fund that was leveraged too much on GKOs.

JPM, regardless what you think of it, is a huge bank that can easily withstand 10B drawdown.

Second, access to liquidity is completely different now. I speculate that nothing much prevents JPM from creating some entity which will own the loss and issue something backt to JPM and JPM could use those "assets" as collateral to borrow real cash against from a plethora of liquidity schemes.

Fri, 03/15/2013 - 12:19 | 3332690 little buddy bu...

jamie has inspired me to purchase several ounces of silver this morning.

i prefer my whale to be thrown off the top of a tall building.

Fri, 03/15/2013 - 12:21 | 3332696 q99x2

Doesn't look good for the United States of America to get their gold reserves back.

Fri, 03/15/2013 - 12:21 | 3332699 Freewheelin Franklin

Greenspan: Stocks are undervalued.

So says the Bubble Boy.

MOOPS, MOTHERFUCKER, MOOPS!

http://money.cnn.com/2013/03/15/investing/greenspan-irrational-exuberance/index.html?fb_action_ids=10200935860218407&fb_action_types=og.recommends&fb_source=aggregation&fb_aggregation_id=288381481237582

Fri, 03/15/2013 - 12:25 | 3332709 q99x2

The Internal Revenue Service has hundreds of millions of dollars in unclaimed 2009 tax refunds, and you may be eligible for the money.

You better act fast: This offer expires on April 15.

Feds are centrally planning another green shoot.

Fri, 03/15/2013 - 12:30 | 3332727 Comrade de Chaos

With the deepest regret, I have to inform you that - 'mistakes were made' in the constructiono of our portfolio. Let me reassure you that, the management of the company is doing everything in their power, to make sure lessons are learned. :)

Fri, 03/15/2013 - 12:58 | 3332820 Lewshine

I love the way the Fed algos create this "trying to get back to even" movement...Adds a touch of realism to the greatest fraud ever committed in the history of the world. You go Ben! Its truly a masterpiece.

Fri, 03/15/2013 - 13:06 | 3332828 Archetype

'JPMorgan's Bacon says 'Onus Is on Us' After London Whale Blunder'

The right headline should be:

'JPigMorgan's Bacon says 'Anus Is on the USA' After London Whale Blunder'

Fri, 03/15/2013 - 13:05 | 3332836 GrinandBearit

Wash, rinse and repeat.

Fri, 03/15/2013 - 13:06 | 3332839 falak pema

Is this "Es tu Bruté" day for JAmie Dimon after Ina Drew's testimony; do they have any other choice than to turn the screws on the Man who emailed : I approve?

The Ides of Farce turning into the Ides of Dimon's death march.

Fri, 03/15/2013 - 13:12 | 3332852 Smuckers