Treasury Sec weighs-in on JPMorgan debacle

Discussion in 'Economy' started by Dot Com, May 15, 2012.

  1. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Of course Repubs will be opposed to this :eusa_eh: :eusa_whistle:

    Geithner Says Regulators to Take Close Look at JPMorgan - Bloomberg
    [​IMG]
     
  2. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    This is absolutely essential!!!
    Geithner: Bank rules will be heavily influenced by JPMorgan
     
    Last edited: May 15, 2012
  3. Truthmatters
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    Truthmatters BANNED

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    As they should be.

    Deregulation cuases messes every time we get talked into it.

    History doesnt lie
     
  4. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    if you think like a Repub, history can't be trusted :cuckoo:
     
  5. itfitzme
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    itfitzme VIP Member

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    I am left with a sense that the government gets blamed for restricting growth, when they see profits to be made, then causing excess growth when the markets crash and they lose money. It all seems to be based on what they want to believe, that it is always someone else's fault.

    While they herald, in theory, the wonders of the free market, they continue to complain about free market effects that they once again, ascribe to the government.

    And they manage to maintain their beliefs by remaining as vague as possible, lacking sufficient examination of the details to prove anything, such that there statements can mean just about anything. That way, backed into a corner, they can cherry pick a data point from anywhere, or simply change the meaning of terms to suit the moment.
     
    Last edited: May 15, 2012
  6. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    [​IMG]
     
  7. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Oh Lord have Mercy! Don't you people know WHO the "regulators' ARE?
    From the Article:
    The Bankers THEMSELVES are the Regulators!

    Some of you people are just stupid and gullible beyond belief!
     
  8. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    the rules aren't finalized yet & the Repubs have some more filibustering to do yet :rolleyes:
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    1. Chase is a private company and the government should mind its own fucking business and don't subsidize them when they make a mistake. We saw the government lose over $200B (and probably a multiple of that) with Fannie and Freddie. The government sucks giant Alaskan moosecock at investing and underwriting risk.

    2. Chase made $19B last year and over $5B in the first quarter of 2012, so a $2B loss is not at all threatening (Fannie and Freddie lost 100 times that easily)

    3. Once again, no government guarantees. If Chase fucks up, wahhh. It's their money (Obama's too I hear)
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    How can you argue with such fundamental economic illiteracy?
     
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