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Full JPM Earnings Call Slideshow Dump
When fraud has been exposed, one is best advised to baffle everyone with lots and lots of data, figures, numbers, and generally meaningless information overflow. Sure enough, as part of the Q2 earnings call, JPM has released a record 8 pdfs to go alongside Jamie Dimon sounding very confident, and pretending he knows what he is talking about. Remember: when in doubt, baffle them with bullshit.
Executive Comments (pdf)
CIO Task Force Update (pdf)
Q2 2012 Financial Results (pdf)
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i was baffled with bullshit reading this
It was the title that tripped you up.......it had the word "Earnings" in it.
Basically you have to make money to have earnings.
and yet all banks are up on all of this good news that they ONLY made a 4.4 billion loss...
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=te&bn=11978&tid=107364&mid=107364&tof=1&frt=2#107364
waw.....
So what you are saying is that it should have been $4.6B loss, but they found $200M a few days ago in their accounts, AMIRITE?
lol JPM makes another funny , at least we get to wrap up the fx side of things overseas ... Technical Market Update: EUR:JPY
Who the fuck needs "protection" against "bad loans" when you just use THE RESERVES as "profits"??
Obviously if you have no reserves for bad loans SINCE ALL YOUR LOANS ARE GONIG TO BE PAID BACK!, WHY HEDGE THE 'RISK" OF THESE THINGS? NO RISK, JUST RIGHT.
Q&A:
Ms Masters, you are the head of the commodities branch. What about the PFG bankruptcy, did JPM profit from it like you did after the MFG bankruptcy by stealing all of MFG clients silver?
(note: maybe they did, watch this coin dealer explain arround the 9:00 minutes http://www.youtube.com/watch?v=4Y7GjKu5xaE )
That is not a "coin dealer" if you actually listen Christopher Olson is a trader who trades forex derivatives and spot metals. They are precious metals dealers that used PFG to hedge.
A trader uses derivatives for profit, he uses them for hedging only as far as I understand
I guess they can only do one or the other and not both in your mind? He's the one that says it you should listen to it. Not trying to bust balls it's still a good link to Capital Account about PFG disaster fraud.
Oh....you're just asking for blonde bitch stare-down.
When fraud has been exposed, one is best advised to baffle everyone with lots and lots of data, figures, numbers, and generally meaningless information overflow.
This is the standard operating procedure of a defense attorney that has a guilty client: keep overloading the prosecution with paperwork until they get sick and tired of having to read it all. Then, they will be more likely to make a more "reasonable" offer on a plea deal. And never, ever, under any conditions, take their first offer.
Wells is suddenly getting bitch-slapped ahead of their earnings release. Was something leaked?
There's nothing on their site or the newswires ahead of a sudden ~1% hit.
You didn't get the memo?
If you have no shame, no humility, no compassion, our "system" is ripe for the taking. Hypercomplexity, regulators that are "ordinary people" and an apathetic/me first society.
Stop paying on all Libor Loans, they are fraudulent instruments if thye Libor was manipulated by any amount.
How many more billions were lost due to time spent reading JPM's garbage. Because we all know that's what this is...pure garbage.
Synthetic Group closed down and trades moved to IB. Yeah, I get it.