economic growth 4th quarter 2018 revised down

[tycho1572]

You’re a perfect example of something we’ve known for years.... garbage in.. garbage out.

You can help yourself by listening to the facts you were taught to ignore, RealDave.
Just saying.

 

[RoshawnMarkwees]

Now that’s funny!
Do you always conflate legalities with reality?

I stated the law.

Any money spend on politics would be by specific donation.

Union dues can not be used for political donations.

View attachment 253625



Teachers Unions | OpenSecrets

DURR

Political donations from union members are separate from the union dues. I thought a smart economist like you would know that.

Wage garnishments are not donations.

I wish you ******* morons would take some time & get educated.

For the union to collect money to use in political efforts, the member have to agree to donate money for that purpose as separate from union dues.

Take sometime& get a ******* education because between you don't know shit.

Dumbfuck, my 35-year school system employee wife had her wages garnished to pay NEA dues. She had no choice other than to work elsewhere. Public schools run by blacks and democrats. No chance of any discussion. Get with reality.

 

[Toddsterpatriot]

Now that’s funny!
Do you always conflate legalities with reality?

I stated the law.

Any money spend on politics would be by specific donation.

Union dues can not be used for political donations.

View attachment 253625



Teachers Unions | OpenSecrets

DURR

Political donations from union members are separate from the union dues. I thought a smart economist like you would know that.

You should explain to Open Secrets that when they claimed the unions made donations, it was really individuals.
Let me know what they say.

The unions ask their members to donate to their political action fund & then the union donates it as the union.. Jesus **** you are a God damn idiot.

And yet, unions also donate. Moron.

 

[georgephillip]

4th quarter 2018 economic growth lowered from 2.6% to 2.2%. After Trump's 1.5 trillion dollar stimulus & increased government spending.

If this Friday's job report is not good and ist quarter 2019 is not good, buckle your seat belts, we might be heading to a recession.



Economy slumping faster than expected, with fourth-quarter GDP revised down

There's additional evidence the next (Great) recession is not far off:

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street.

"In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal in 1999."

Derivatives didn't blow up Wall Street last time, why would they do it this time?

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

In other words, Congress needs to restore the Glass-Steagall Act

Glass-Steagall Act, didn't stop banks from writing bad mortgages.
It wouldn't have done a thing to prevent the 2008 crisis.

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

 

[Toddsterpatriot]

4th quarter 2018 economic growth lowered from 2.6% to 2.2%. After Trump's 1.5 trillion dollar stimulus & increased government spending.

If this Friday's job report is not good and ist quarter 2019 is not good, buckle your seat belts, we might be heading to a recession.



Economy slumping faster than expected, with fourth-quarter GDP revised down

There's additional evidence the next (Great) recession is not far off:

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street.

"In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal in 1999."

Derivatives didn't blow up Wall Street last time, why would they do it this time?

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

In other words, Congress needs to restore the Glass-Steagall Act

Glass-Steagall Act, didn't stop banks from writing bad mortgages.
It wouldn't have done a thing to prevent the 2008 crisis.

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

 

[georgephillip]

4th quarter 2018 economic growth lowered from 2.6% to 2.2%. After Trump's 1.5 trillion dollar stimulus & increased government spending.

If this Friday's job report is not good and ist quarter 2019 is not good, buckle your seat belts, we might be heading to a recession.



Economy slumping faster than expected, with fourth-quarter GDP revised down

There's additional evidence the next (Great) recession is not far off:

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street.

"In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal in 1999."

Derivatives didn't blow up Wall Street last time, why would they do it this time?

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

In other words, Congress needs to restore the Glass-Steagall Act

Glass-Steagall Act, didn't stop banks from writing bad mortgages.
It wouldn't have done a thing to prevent the 2008 crisis.

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

 

[Toddsterpatriot]

4th quarter 2018 economic growth lowered from 2.6% to 2.2%. After Trump's 1.5 trillion dollar stimulus & increased government spending.

If this Friday's job report is not good and ist quarter 2019 is not good, buckle your seat belts, we might be heading to a recession.



Economy slumping faster than expected, with fourth-quarter GDP revised down

There's additional evidence the next (Great) recession is not far off:

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street.

"In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal in 1999."

Derivatives didn't blow up Wall Street last time, why would they do it this time?

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

In other words, Congress needs to restore the Glass-Steagall Act

Glass-Steagall Act, didn't stop banks from writing bad mortgages.
It wouldn't have done a thing to prevent the 2008 crisis.

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

I'll bet you believe in the integrity of Wall Street.

I bet you believe that commietard has a clue.


"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

And?

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

That's why you charge more on lower grade credits.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly.

Exactly. So why are you predicting a blow up?

 

[georgephillip]

There's additional evidence the next (Great) recession is not far off:

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018, provide the strongest argument thus far for Congress to enact legislation to separate the Federally insured, deposit-taking commercial banks from the trading casinos on Wall Street.

"In other words, Congress needs to restore the Glass-Steagall Act, which kept the U.S. financial system safe for 66 years until its repeal in 1999."

Derivatives didn't blow up Wall Street last time, why would they do it this time?

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

In other words, Congress needs to restore the Glass-Steagall Act

Glass-Steagall Act, didn't stop banks from writing bad mortgages.
It wouldn't have done a thing to prevent the 2008 crisis.

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

I'll bet you believe in the integrity of Wall Street.

I bet you believe that commietard has a clue.


"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

And?

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

That's why you charge more on lower grade credits.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly.

Exactly. So why are you predicting a blow up?

There's sssooooooo much to smear...

Exactly. So why are you predicting a blow up?

Former JPMorgan trader Iksil links Dimon to ‘London Whale’ losses

 

[whitehall]

I get the feeling that it is good news to lefties. Am I wrong?

 

[Toddsterpatriot]

Derivatives didn't blow up Wall Street last time, why would they do it this time?

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

In other words, Congress needs to restore the Glass-Steagall Act

Glass-Steagall Act, didn't stop banks from writing bad mortgages.
It wouldn't have done a thing to prevent the 2008 crisis.

The most recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition as of December 31, 2018,

The banks are really strong. What do you feel their issue is? Why?

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

I'll bet you believe in the integrity of Wall Street.

I bet you believe that commietard has a clue.


"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

And?

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

That's why you charge more on lower grade credits.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly.

Exactly. So why are you predicting a blow up?

There's sssooooooo much to smear...

Exactly. So why are you predicting a blow up?

Former JPMorgan trader Iksil links Dimon to ‘London Whale’ losses

JPMorgan, $30 billion in net earnings last year.
Over $22 billion in net earnings in each of the 3 prior years.

Yeah, they're on death's door.

 

[georgephillip]

I get the feeling that it is good news to lefties. Am I wrong?

Maybe not entirely wrong, but that doesn't mean massive corruption among major Wall Street banks doesn't pose a threat to millions of Americans:

Share Buybacks Have Created a Dangerous Bubble in Wall Street Bank Stocks

"JPMorgan Chase is a Wall Street bank that has pleaded guilty to three felony counts in the past five years and lost at least $6.2 billion of its depositors’ money trading high-risk derivatives in London.

"And yet, somehow, the bank has a market capitalization (the value of all of its shares outstanding) that makes it among the most valuable companies in the Standard & Poor’s 500."

 

[Indeependent]

Now that’s funny!
Do you always conflate legalities with reality?

I stated the law.

Any money spend on politics would be by specific donation.

Union dues can not be used for political donations.

View attachment 253625



Teachers Unions | OpenSecrets

DURR

Political donations from union members are separate from the union dues. I thought a smart economist like you would know that.

Wage garnishments are not donations.

I wish you ******* morons would take some time & get educated.

For the union to collect money to use in political efforts, the member have to agree to donate money for that purpose as separate from union dues.

Take sometime& get a ******* education because between you don't know shit.

Once again you conflate legalities with reality.
Just like Obama allowed fun-running South of the Border.

 

[Indeependent]

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

I'll bet you believe in the integrity of Wall Street.

I bet you believe that commietard has a clue.


"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

And?

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

That's why you charge more on lower grade credits.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly.

Exactly. So why are you predicting a blow up?

There's sssooooooo much to smear...

Exactly. So why are you predicting a blow up?

Former JPMorgan trader Iksil links Dimon to ‘London Whale’ losses

JPMorgan, $30 billion in net earnings last year.
Over $22 billion in net earnings in each of the 3 prior years.

Yeah, they're on death's door.

I don’t love J P Morgan, buy my son tells me Jamie Dimon is one of the best managers on the planet.

 

[Toddsterpatriot]

I get the feeling that it is good news to lefties. Am I wrong?

Maybe not entirely wrong, but that doesn't mean massive corruption among major Wall Street banks doesn't pose a threat to millions of Americans:

Share Buybacks Have Created a Dangerous Bubble in Wall Street Bank Stocks

"JPMorgan Chase is a Wall Street bank that has pleaded guilty to three felony counts in the past five years and lost at least $6.2 billion of its depositors’ money trading high-risk derivatives in London.

"And yet, somehow, the bank has a market capitalization (the value of all of its shares outstanding) that makes it among the most valuable companies in the Standard & Poor’s 500."

Their depositors didn't lose a dime.

Love your new favorite Wall Street site.
Lots of silly conspiracy BS on there.
As well as plain vanilla stupidity.​

 

[Toddsterpatriot]

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

I'll bet you believe in the integrity of Wall Street.

I bet you believe that commietard has a clue.


"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

And?

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

That's why you charge more on lower grade credits.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly.

Exactly. So why are you predicting a blow up?

There's sssooooooo much to smear...

Exactly. So why are you predicting a blow up?

Former JPMorgan trader Iksil links Dimon to ‘London Whale’ losses

JPMorgan, $30 billion in net earnings last year.
Over $22 billion in net earnings in each of the 3 prior years.

Yeah, they're on death's door.

I don’t love J P Morgan, buy my son tells me Jamie Dimon is one of the best managers on the planet.

Better than most.

 

[georgephillip]

The banks are really strong?
What makes you think so??

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

I'll bet you believe in the integrity of Wall Street.

I bet you believe that commietard has a clue.


"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

And?

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

That's why you charge more on lower grade credits.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly.

Exactly. So why are you predicting a blow up?

There's sssooooooo much to smear...

Exactly. So why are you predicting a blow up?

Former JPMorgan trader Iksil links Dimon to ‘London Whale’ losses

JPMorgan, $30 billion in net earnings last year.
Over $22 billion in net earnings in each of the 3 prior years.

Yeah, they're on death's door.

JPMorgan, $30 billion in net earnings last year.
Over $22 billion in net earnings in each of the 3 prior years.

Yeah, they're on death's door.

Are they trading their own shares on unregulated exchanges?

Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?

"The week that Donald Trump shocked markets around the globe by getting himself elected President of the United States, Wall Street banks like Citigroup, JPMorgan Chase, Bank of America and others traded millions of shares of each other’s stocks – as well as trading millions of shares of their own publicly traded stock.

"The trades were not directed to a regulated stock exchange like the New York Stock Exchange.

"Instead, the trades were conducted internally by the Wall Street bank’s own Dark Pool – an entity appropriately named for its darkness and hands-off regulation."

 

[georgephillip]

I get the feeling that it is good news to lefties. Am I wrong?

Maybe not entirely wrong, but that doesn't mean massive corruption among major Wall Street banks doesn't pose a threat to millions of Americans:

Share Buybacks Have Created a Dangerous Bubble in Wall Street Bank Stocks

"JPMorgan Chase is a Wall Street bank that has pleaded guilty to three felony counts in the past five years and lost at least $6.2 billion of its depositors’ money trading high-risk derivatives in London.

"And yet, somehow, the bank has a market capitalization (the value of all of its shares outstanding) that makes it among the most valuable companies in the Standard & Poor’s 500."

Their depositors didn't lose a dime.

Love your new favorite Wall Street site.
Lots of silly conspiracy BS on there.
As well as plain vanilla stupidity.​

Their depositors didn't lose a dime.

Who covered depositors' losses?

"The hook for The Journal’s screed was the recent decision of Joon Kim, the acting United States attorney in Manhattan, to drop charges against two former JPMorgan Chase traders involved in the 'London Whale' trading debacle in 2012, when a group of traders lost some $6.2 billion after making big — and decidedly wrong — bets on derivatives using depositors’ money.

"They worked in a group at the bank responsible for investing depositors’ money that isn’t being lent out.

"Mr. Kim apparently decided to drop the case because a key witness was no longer reliable.

"The Journal praised that decision, claiming it was a good one since 'no customers’ funds were lost' and because the bank made $5 billion in profit during the second quarter of 2012.

"But Jesse Eisinger, the author of a new book about the Justice Department’s failure to prosecute bankers, traders and executives in the aftermath of the financial crisis, said in an email that the 'standard for fraud' is not whether customer deposits were lost (and they would have been for sure had all depositors demanded their money all at once), nor whether the bank made a profit during the quarter that the loss occurred.

"'That’s irrelevant,' he said. What’s important is that these men and women knew what they were doing was wrong.

"Instead of a reason to celebrate, Mr. Kim’s decision to drop the London Whale case, which began under his predecessor Preet Bharara, really was another example of prosecutorial failure."

The Whale That Should Not Have Gotten Away

 

[georgephillip]

I get the feeling that it is good news to lefties. Am I wrong?

Maybe not entirely wrong, but that doesn't mean massive corruption among major Wall Street banks doesn't pose a threat to millions of Americans:

Share Buybacks Have Created a Dangerous Bubble in Wall Street Bank Stocks

"JPMorgan Chase is a Wall Street bank that has pleaded guilty to three felony counts in the past five years and lost at least $6.2 billion of its depositors’ money trading high-risk derivatives in London.

"And yet, somehow, the bank has a market capitalization (the value of all of its shares outstanding) that makes it among the most valuable companies in the Standard & Poor’s 500."

Their depositors didn't lose a dime.

Love your new favorite Wall Street site.
Lots of silly conspiracy BS on there.
As well as plain vanilla stupidity.​

Love your new favorite Wall Street site.
Lots of silly conspiracy BS on there.
As well as plain vanilla stupidity

What flavors does greed come in?

"During the American Civil War, John Pierpoint Morgan financed the purchase of 5,000 surplus rifles at $3.50 each, which were then sold back to the government for $22 each. The incident became renowned as a scandalous example of wartime profiteering. Interest in the incident was revived in 1910 as an indictment of Morgan."
Hall Carbine Affair - Wikipedia

 

[Oldstyle]

Silence from the Trump crowd.

Damn dude there was 11 minutes between your OP and this reply saying silence from the Trump crowd.

Sorry to tell you most of the Trump crowd is AT WORK right now not bitching about a booming economy on a no-name political forum.

It was read. Typically Trumpettes have a fit witin a minute or two.

So you start a string hoping to infuriate Trump supporters and then are disappointed that they don't respond quickly enough? You might want to think about changing your name here to RealPettyDave. Just saying...

 

[georgephillip]

The banks are really strong?
What makes you think so??

Because they have record levels of capital.
Much less leveraged than they were in 2008.​

"If the average American knew that the very same banks that blew up the U.S. economy, devastated the housing market, crashed the stock market, threw millions of Americans out of work just a decade ago were warning in their own 10K legal filings with the Securities and Exchange Commission that the same thing could happen again at any moment, there would be mobs with pitchforks in the street.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none.

"But because corporate media does not put this critical information on the front pages of newspapers, the public remains in the dark and Congress dawdles."

Plus, it's baloney.

Which one said in their 10K, "the same thing could happen again at any moment"?

I'll bet none

I'll bet you believe in the integrity of Wall Street.

"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly. Even the bank admits that, writing in its 10K the following:

“JPMorgan Chase could incur significant losses arising from concentrations of credit and market risk. JPMorgan Chase is exposed to greater credit and market risk to the extent that groupings of its clients or counterparties:

“Engage in similar or related business, or in businesses in related industries;

“do business in the same geographic region, or;

“have business profiles, models or strategies that could cause their ability to meet their obligations to be similarly affected by changes in economic conditions.

"'For example, a significant deterioration in the credit quality of one of JPMorgan Chase’s borrowers or counterparties could lead to concerns about the creditworthiness of other borrowers or counterparties in similar, related or dependent industries. This type of interrelationship could exacerbate JPMorgan Chase’s credit, liquidity and market risk exposure and potentially cause it to incur losses, including fair value losses in its market-making businesses…'

"'JPMorgan Chase regularly monitors various segments of its credit and market risk exposures to assess the potential risks of concentration or contagion, but its efforts to diversify or hedge its exposures against those risks may not be successful.'

"We know very well that JPMorgan Chase 'may not be successful' in managing its derivative risks because as recently as 2012 it lost at least $6.2 billion of its bank depositors’ money gambling in derivatives in London.

"That episode was known as the London Whale incident and triggered a 9-month investigation by the U.S. Senate’s Permanent Subcommittee on Investigations."

Mega Banks Tell SEC: Derivatives Could Blow Up Wall Street Again

I'll bet you believe in the integrity of Wall Street.

I bet you believe that commietard has a clue.


"According to JPMorgan’s 10K, it has sold credit derivative protection on $177 billion of 'subinvestment grade' i.e., junk credits.

And?

"When you sell credit protection, you are on the hook to pay the buyer if that entity goes belly up. When you are selling credit protection on subinvestment grade entities, it is far more likely that they could go belly up.

That's why you charge more on lower grade credits.

"JPMorgan Chase will likely argue that they have also purchased boatloads of credit derivatives, which might be on the same entities, but there is no way for anyone to accurately predict if this mega bank has aligned these risks correctly.

Exactly. So why are you predicting a blow up?

There's sssooooooo much to smear...

Exactly. So why are you predicting a blow up?

Former JPMorgan trader Iksil links Dimon to ‘London Whale’ losses

JPMorgan, $30 billion in net earnings last year.
Over $22 billion in net earnings in each of the 3 prior years.

Yeah, they're on death's door.

I don’t love J P Morgan, buy my son tells me Jamie Dimon is one of the best managers on the planet.

I don’t love J P Morgan, buy my son tells me Jamie Dimon is one of the best managers on the planet.

J P Morgan

"His millionaire father, Junius, made his fortune by investing other people’s money and helped found modern investment banking.

"When John Pierpont, or JP, is a child, Junius has him handle a million dollars in cash so he knows what it feels like.

"JP Morgan is taught early to avoid risk.

"Morgan escapes military service during the Civil War by paying $300 to a substitute to fight for him.

"During the war he buys five thousand rifles at $3.50 each and sells them on at $22 apiece.

"The rifles are defective and some shoot off the thumbs of the soldiers firing them.

"Later, a congressional committee notes this but a federal judge upholds the deal and Morgan is exonerated."

Morgan appears to have much in common with the current coward living in the White House?