JP Morgan Stock Breaks Down On News Company's Role As MF Global Lender To Be Probed

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Tue, 12/13/2011 - 15:53 | 1975358 ABG LINE
ABG LINE's picture

LoL!

 

Tue, 12/13/2011 - 15:58 | 1975399 transaccountin
transaccountin's picture

Months later and these idiots still cant find the money? They know exactly where its at. But we dont punish the crooks, we reward them with interest free fiat money.

Tue, 12/13/2011 - 16:06 | 1975427 dwdollar
dwdollar's picture

Nothing will happen. Hell, they were probably buying for their 'client' politicians. Now might be a time to load up if I still trusted the global Ponzi for even a millisecond (which I don't).

Tue, 12/13/2011 - 16:14 | 1975464 Barbarous Relic
Barbarous Relic's picture

No reaction on WSJ publishing the story and an immediate response on ZH repeating it.

Same as with the Reuters rehypothecation story.

Congratulations, Tyler, you're officially the only credible news source left in the world.

Tue, 12/13/2011 - 16:17 | 1975483 Doña K
Doña K's picture

Too many detailed accounts, too many loose ends (that can not be tied) of what happened. People will sing like canaries to bury him. TOAST ANYONE?

http://dealbook.nytimes.com/2011/12/11/a-romance-with-risk-that-brought-on-a-panic/

His only prayer is a pardon from an outgoing looser "Obumer"

Tue, 12/13/2011 - 16:29 | 1975548 flattrader
flattrader's picture

Hopefully, some pissed off farmer, who can't put in a crop on time to feed America, because his so-called segregated account money vanished via MFG to cover JPM will turn the gun on Corzine rather than himslef.

Perhaps then, people will pay attention.

Tue, 12/13/2011 - 18:36 | 1976269 Hard1
Hard1's picture

JPM found the MF pinata was really full of candy to stuff themselves.

Tue, 12/13/2011 - 19:32 | 1976474 J 457
J 457's picture

Great call ZH.

Tue, 12/13/2011 - 22:01 | 1976969 Papasmurf
Papasmurf's picture

That was a key consideration in this planned takedown.

Tue, 12/13/2011 - 16:31 | 1975557 stocktivity
stocktivity's picture

Why isn't anyone investigating if rehypothecation played a role in the missing MF Global funds

Tue, 12/13/2011 - 17:02 | 1975679 Doña K
Doña K's picture

Someone is guilty! Gave you thumbs down.

The answer is simple. Keep this word from the mainstream as to stop discussion and discovery. UNRAVELING IS UNDERWAY.   

Tue, 12/13/2011 - 17:12 | 1975726 fuu
fuu's picture

I junked him because it was brought up at least 4 seperate times in the Senate hearing today.

Tue, 12/13/2011 - 17:25 | 1975821 Haddock
Haddock's picture

He said 'investigating' - so I junk you

Tue, 12/13/2011 - 17:53 | 1976027 Doña K
Doña K's picture

Then why did I get junked?

Tue, 12/13/2011 - 18:32 | 1976235 gmrpeabody
gmrpeabody's picture

Because the guy you junked junked you back. That's how it works here. Go figure..

Tue, 12/13/2011 - 19:23 | 1976204 fuu
fuu's picture

Senate questioning doesn't count as an investigation anymore? I mean I doubt they find anything interesting but it is an investigation.

Wed, 12/14/2011 - 03:25 | 1977799 StychoKiller
StychoKiller's picture

Even R.M. Nixon survived a so-called "investigation."  Eyewash, ALL eyewash!

Tue, 12/13/2011 - 17:21 | 1975794 tocointhephrase
tocointhephrase's picture

There's only one Tyler Durden, Wuuuuuuuuuuuuuuuuuun Tyler Durden, walking along, singing a song, walking in a Tyler wonderland! Merry Christmas ZH!

Tue, 12/13/2011 - 16:16 | 1975485 chet
chet's picture

Well, if there is any sizable impact, we know we'll be the ones paying for it.

Wed, 12/14/2011 - 00:04 | 1977384 constitutionalist
constitutionalist's picture

they run the treasury board anyhow, they're on it, so if they take the money back, theyll just print some more for themselves. nothing will happen unfortunetely. 1984

Wed, 12/14/2011 - 00:04 | 1977385 constitutionalist
constitutionalist's picture

they run the treasury board anyhow, they're on it, so if they take the money back, theyll just print some more for themselves. nothing will happen unfortunetely. 1984

Wed, 12/14/2011 - 01:03 | 1977567 Buck Johnson
Buck Johnson's picture

You're spot on, they know exactly where the money went and when it went.  They know that if they out where the money went the next question is why did you get that money and what for.  And if it shows that the money was sent when the money was pulled from the client accounts, then the next question would be what made it a guilt edge priority to steal money from your clients to pay someone else.  That isn't a mistake, it's a decision made and who made it.  They aren't even trying to hide the inept and simple criminality that is going on under the US govt. protection.

Tue, 12/13/2011 - 15:59 | 1975406 Ahmeexnal
Ahmeexnal's picture

And the oligarchs plan hits a snag:
Irish opposition calls for referendum on eurozone:

http://www.irishtimes.com/newspaper/breaking/2011/1213/breaking32.html

The country’s main opposition party has insisted the Government must hold a referendum to ratify the European Union’s new plans for tighter fiscal union.

Fianna Fáil leader Micheál Martin said today the Irish people should be allowed to speak on “these new arrangements” through a referendum.

The so-called fiscal compact was agreed by every country in the EU, except Britain, at a summit in Brussels last week.

Tue, 12/13/2011 - 16:05 | 1975441 LawsofPhysics
LawsofPhysics's picture

Thank God.  I know the irish are a bit masacistic, but enough already.

Tue, 12/13/2011 - 16:44 | 1975614 sullymandias
sullymandias's picture

did you mean "macasitic"?

Tue, 12/13/2011 - 22:38 | 1977080 smiler03
smiler03's picture

@ Ahmeexnal

Great link, love it. The Irish may yet save the world from the devils spawn, aka the EU.  

Tue, 12/13/2011 - 19:11 | 1976415 Henry Hub
Henry Hub's picture

So the Irish are finally sobering up from their ten year drunk and realizing they have been royal screwed. They were passed out when the banks dumped there "rehypothecation" crap on the taxpayers. Let's hope it's not too late.

Tue, 12/13/2011 - 16:08 | 1975451 LeonardoFibonacci
LeonardoFibonacci's picture

Erect the gallows, lads.  Once a century or so, it becomes obvious its time to use them again.

Tue, 12/13/2011 - 16:14 | 1975476 Ahmeexnal
Ahmeexnal's picture

I say we follow Theodoric and slay them in half as he did with that slimy treacherous german Odoacer.

 

Tue, 12/13/2011 - 16:40 | 1975551 fuu
fuu's picture

Good call.

Wed, 12/14/2011 - 01:20 | 1977607 Tijuana Donkey Show
Tijuana Donkey Show's picture

longpig! Roast some long pig!

Tue, 12/13/2011 - 16:31 | 1975556 ilion
ilion's picture

No need to investigate JP Morgan or anybody. We already know what happened at MF Global:
http://bit.ly/tk1vLa

Wed, 12/14/2011 - 02:17 | 1977722 Silver Bug
Silver Bug's picture

JP Morgan seems to have their grubby little fingers in everything!

 

http://ericsprott.blogspot.com/

Tue, 12/13/2011 - 15:53 | 1975360 ZDRuX
ZDRuX's picture

Man, this was an exciting day...

Tue, 12/13/2011 - 15:54 | 1975364 SeverinSlade
SeverinSlade's picture

Bullish because now CNBC can say JPM is "oversold" and is a strong buy as it's the strongest US bank out there.  Shit, sorry, my /sarc was still on.

Tue, 12/13/2011 - 16:31 | 1975555 tekhneek
tekhneek's picture

Come on. Don't be FAZetious.

Tue, 12/13/2011 - 15:54 | 1975366 prains
prains's picture

oops somebody dropped the soap

Tue, 12/13/2011 - 16:02 | 1975425 CClarity
CClarity's picture

$300 million revolving lending facility inked at the end of June 2011.  Citi and BAML on board too.  What a tangled web all these oligarch bankers weave.  Goldman down hard too, so . . . their tentacles are in there somewhere too (maybe in a private facility with MF).

Tue, 12/13/2011 - 15:54 | 1975367 digitlman
digitlman's picture

Weeeeeeeeeeeee!!!!!!!!!!!!!!!!

Tue, 12/13/2011 - 15:54 | 1975368 junkyardjack
junkyardjack's picture

Ruh Roh Rhaggy

Tue, 12/13/2011 - 15:57 | 1975393 redpill
redpill's picture

And they would have gotten away with it if it weren't for you meddling kids!

Tue, 12/13/2011 - 16:21 | 1975506 DCFusor
DCFusor's picture

Showing your age, ya old rascal (or mine, since I used that quote here first).

Tue, 12/13/2011 - 17:25 | 1975813 tocointhephrase
tocointhephrase's picture

oh it has to be a +1

Tue, 12/13/2011 - 15:54 | 1975369 walcott
walcott's picture

Crashing themselves. After they bought the living dog out of copper and silver.

Tue, 12/13/2011 - 17:09 | 1975707 MsCreant
MsCreant's picture

Bastards probably shorted themselves.

Tue, 12/13/2011 - 15:56 | 1975372 CvlDobd
CvlDobd's picture

I had fun filling in for Robo yesterday so I'll do it again.

Gartman was right all along on gold.

Urban outfitters is blow torching shorts.

LA gas prices are only experiencing a short term spike due to Molotov usage but will crash as soon as riots are over.

Where is the recession?

Tue, 12/13/2011 - 15:57 | 1975389 SeverinSlade
SeverinSlade's picture

Hmm...45+ million on government food stamps...Thanks to the neat little EBT card we don't have bread lines...I'd argue we've been in a depression all along...

The Fed needs a threat of deflation in order to move forward with further easing.  Launching QE3 with inflation skyrocketing, commodities soaring, etc. wouldn't be smart.

Tue, 12/13/2011 - 17:10 | 1975712 WonderDawg
WonderDawg's picture

I'd support your argument about a depression. I'd also argue that it will soon get much worse.

Tue, 12/13/2011 - 18:13 | 1976139 realitybiter
realitybiter's picture

is it really a recession or depression if you can't see it?  Just print $1.5 trillion, give 50 million folks, what 3,000 a year for food via the EBT card....what's that - only 10% of the 1.5 trillion....spread the rest around your banker buddies and those that work the govt corrupt biz gig....

I don't see no stinkin' depression.  quit your bitching you occupy jerks...

insane.

Wed, 12/14/2011 - 01:22 | 1977616 Tijuana Donkey Show
Tijuana Donkey Show's picture

And Wall Mart.....

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