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

Tyler Durden's picture

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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.

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).

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.

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"

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.

Hard1's picture

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

Papasmurf's picture

That was a key consideration in this planned takedown.

stocktivity's picture

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

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.   

fuu's picture

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

Haddock's picture

He said 'investigating' - so I junk you

Doña K's picture

Then why did I get junked?

gmrpeabody's picture

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

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.

StychoKiller's picture

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

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!

chet's picture

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

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

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

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.

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.

LawsofPhysics's picture

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

smiler03's picture

@ Ahmeexnal

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

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.

LeonardoFibonacci's picture

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

Ahmeexnal's picture

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

 

ilion's picture

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

Silver Bug's picture

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

 

http://ericsprott.blogspot.com/

ZDRuX's picture

Man, this was an exciting day...

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.

tekhneek's picture

Come on. Don't be FAZetious.

prains's picture

oops somebody dropped the soap

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).

digitlman's picture

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

redpill's picture

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

DCFusor's picture

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

walcott's picture

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

MsCreant's picture

Bastards probably shorted themselves.

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?

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.

WonderDawg's picture

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

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.