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Putin 1 - Dimon 0: JPMorgan Unhalts Russian Money Transfer
Yesterday when we reported that a "Furious Russia Will Retaliate Over "Illegal And Absurd" Payment Block By "Hostile" JPMorgan", in which we explained that unlike previous responses to Russian sanctions by the West, which were largely taken as a joke by the Russian establishment, this time Russia is furious, we said that "we certainly can not be the only ones looking forward to the epic battle prospect that is Vlad "Shootin" Putin vs JP "Fail Whale" Morgan." Alas the title fight lasted for just about a day, and was won, with a technical knock out in the first round, by none other than the former KGB spy who can now add the whale which manipulates all markets to its trophy case which includes about 100 statues of a crushed and beaten John Kerry.
Because after shocking the world with its unilateral decision to halt Russian money transfers without a direct order from the administration, Reuters reports that JPM has folded and will process said payment from Russia's embassy in Kazakhstan to insurance agency Sogaz, easing tension after Moscow accused the U.S. bank of illegally blocking the transaction under the pretext of sanctions.
In other words, Putin 1 - Jamie Dimon 0.
More from Reuters:
The confrontation threatened to further strain ties between Washington and Moscow, locked in the worst standoff since the Cold War over Russia's annexation of Ukraine's Crimea region.
"Following consultation with our regulators, we are processing this transaction," JPMorgan said in a statement.
Last month, Washington imposed sanctions, including visa bans and asset freezes, against several Russians close to President Vladimir Putin and against Rossiya Bank, which it said was the "personal bank" for the leader's inner circle.
The destination for the embassy payment was insurance agency Sogaz, which is 48.5 percent owned by Abros, a wholly-owned subsidiary of Bank Rossiya.
Industry consultants in Moscow say financial institutions are unclear about how to apply the new rules in some situations, such as when dealing with subsidiaries of companies which have either been sanctioned or which have shareholders that have been punished.
Several Western investors and their banks are facing quandaries over individual situations.
Guidelines on the U.S. Treasury department's website from the U.S. Office of Foreign Assets Control says that property which is more than 50 percent owned by a person on the sanctions blacklist is affected and advises acting "with caution" when ownership interests are less than 50 percent.
"It is up to private companies and lawyers to figure out who is subject to sanctions," said one Moscow-based lawyer. "Of course (a U.S. bank) is more scared of the American (authorities than the Russian ones)."
Needless to say, this is quite anticlimatic, as we were certainly looking forward to the discovery of JPM documents which would be released into the public domain following the imminent annexation of all JPM offices in Russia. Looks like we'll have to wait a little longer.
Meanwhile, if even Jamie Dimon....
....can't stand up to Putin.... who can?
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Rather Putin 193 - Obummr ? but a lot less than that.
Leverage?
The Public Be Suckered
http://patrick.net/forum/?p=1230886
You can trace Putin's distrust of the Obama administration back to the events leading up to the Boston Marathon bombing on April 15, 2013. Russian security warned their counterpart in Washington that Tamerlan Tsarnaev was in Dagestan meeting with unsavory (in the Russian eyes) Chechens, terrorist types. When Obama's people ignored the warning, Putin figured that Tsarnaev was working for U.S. intelligence agencies. After the Boston bombing, Putin wrote off Obama as a tool of the spy agencies, New World Order types looking for a reason to go to war with Russia. So when the Ukraine seemed ready to join the EU, Putin went ballistic. Jamie Dimon okaying a hold on a chump change money transfer involving a Russian embassy can mean one of two things: that Dimon is insane or that swiftboater John Kerry ordered Dimon to block the transfer. If pushed too hard, Putin will release the FSB's information of Tsarnaev's trip to Russia via a European newspaper and then everything will hit the fan. Just my opinion.
you cannot possibly think that boston bombing was done by the two brothers...only foolish sheeple believe that...dont be one of them dude
There's a reason the FBI killed that witness they were interrogating in Florida. Indeed, if one considers the spooks needed to hide evidence the US was fomenting the violence in Chechnya, almost every "tinfoil hat" theory regarding the Boston bombing and subsequent response gains credibility.
The Kissinger/Brzezinski crew has been running US foreign policy for 50 years. There's no action these people consider too heinous if they think it will promote that strategy.
and those FBI agents were found not guilty of any wrong doing. Unbelievable!
By: The Limerick Schmuck
To Putin, Jamie said "no"
But Putin offered him blow.
Jamie got on his knees
And said pretty please,
all he can do now is sneeze.
In a related note, Putin unfriended Dimon on Facebook.
But Jamie is still following Vlad on Twitter and begging for a second chance.
Oil for goods backed them down real good. That is about 20B worth of transactions they lost the ability to skim pennies off the top....
Whew. Global thermonuclear war averted by clearing a $5000 check.
Dimon = pwned.
Ancient school kid saying from the Cold War days, "Russia got Hungary and fried Turkey in Greece." Maybe we knew something back then.
Also I remember a self-defense instructor talking about how hard it was to teach women to get aggresive in defending themselves. One girl explained that the most aggressive incident she had ever been in was her sister and herself hitting each other with hair brushes and yelling, "Bitch!Bitch" at each other.......I don't think Obama and Dimon are up to that level combat.
Too late (for JPM):
Russian Federation to establish her own national payment system within a month. (Google Translation)
Adjust your tin foil, men. Incoming!
http://en.wikipedia.org/wiki/Gog_and_Magog
The Russian Hope
It's just a tempest in a tea pot.
Reports from the South Boston housing projects are that Auntie Zeituni is most displeased with these Russian sanctions. Zeituni claims it is now infinitely more difficult to source her Russian caviar and vodka now that trade relations have deteriorated.
Sooner or later, this will come to violence. Rational people do not want war but Banksters and the traitors they own DO want war. With that in mind, stock up on fuel, food, drink, meds and supplies, if you can. War may never come to your backyard but CYA never hurts.
I just love that photo....says so much about the current state of affairs in the USA.
the People's representatives ask a prominent financial biz leader to answer questions publicly. Along the way, maybe at a critical juncture of inquiry by a People's representative of a certain unnamed political party that happens to control the US Senate and Presidency (and 'news', or is it infotainment?, industry).......flashes his special cufflinks as he 'scratches his head'.
what a signal ....no one in the 'news'/infotainment arena noticed this other than ZH...............
Why has Jon Corzine not been indicted & prosecuted? where is the 'news' media outrage?
Did you forget who owns what in 'Murika?
JP Morgan is broke. If the FED wasn't printing Jamie Dimon money for nothing there would be no JP Morgan. Jamie Dimon Stole the US Gold Reserves and then he bankrupted the company.
He is Busted.
Arrest him and put him handcuffs then into jail.
you can't trust these banksters. They opened the can of worms and there is no going back. Who knows what they will instigate next.
Can't do good business with bad people.
And NASA has been ordered to not communicate with the Russkies.
its ok NASA can't even communicate with NASA...
I hope Putin offers these two American astronauts at ISS Russian citizenship. At least they get a ride home and are able to continue scientific research - well funded and with state support.
You don't own space, NAASAW does.
https://www.youtube.com/watch?v=mF7vt-c2N1g
This is at least justification for another 'jumper'
Can anyone tell me?...
Are those beads of sweat coming off of Jamie's cufflinks????
More likely Obama's jiz
DAMN! I just traded all my one's for renminbis too.
A Container full of Levis should be sufficient payment. Either that or I am way too old for this.
WWIII is officially over.
This whole thing should be settled with a friendly Judo match between Putin and Obama.
https://www.youtube.com/watch?v=V5z5UAtCxgE
Friendly advice for Mr. Dimon: https://www.youtube.com/watch?v=ap2J9RbXaP4
I'll bite. Why is Dimon sporting White House cuff links?
A donation at 5 million dollars to the Obama Campaign gets you a pair of those.
Aren't those NSA cuff links?
President Putin has already accomplished more than anyone else has been able to accomplish in curbing the fascistic American Empire Bankster/Big Oil bullies in their quest for world dominance.
Forget Democracy and Communism, the war of the oligarchs continues, we are merely spectators caught in the middle.
Paging John Kohn/Cohen/Kerry.... Paging John Kohn/Cohen/Kerry....
Report to your Swift Boat and re-impose the SWIFT ban as swiftly as possible!
Do you think Obama called Jamie and told him to be more flexible?
unhalt?
More like Jimmy and JP are tying to unfuck themselves...
Off topic -question at large re http://www.foxnews.com/us/2014/04/03/fb ... -property/
Does anyone know why the FBI would want this collection of artifacts? It sounds like only a portion may have been acquired under questionable circumstances. Makes me wonder if he has something that someone wants destroyed.
Vlad sent Jamie some silver cufflinks and a box of Polonium tea bags.
If Putin thinks he won the battle , he certainly won't win the war
Don't bet on it sunshine,
Take a look at the black faggot in the Whitehouse
Fucking hell, even that old fucking insane nigga mugape is more frightening and that old cunt can still butcher more niggaz in a day than the whitehouse monkey can in a month.
Nah, Putin, like everyone else in the world are laughing their fucking heads off.
And the temerity of this third rate jew boy, this yid dimon fucking about without express orders from his handler is going to get him seriously bitch slapped again.
As if a fucking jumped up little shit like that could be match for Putin.
Trade you an oligarch for a tbtf banker, check
The American government has been criminal since 1846. The illegal claiming of Indian land by the settlers could be classified under ignorance. But the flat out false flag attack by the illegal incursions of American troops along the Rio Grande, eventually instigating an attack by the Mexican troops, and leading to a Mexican loss (because they didn't plan for it) with America "occupying" the whole Southwest is total gangster mentality. And this was one year after the US annexing of Texas.
Well. after that story, how could Putin be so bad? The western elite loves this guy! Besides, Putin has just given them a 3% jump in their MIC stocks