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| User Info | Earth To JPM - Stop Lying in forum [Ticker] | |||
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Genesis Posts: 66462 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/758-Ea....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-01-30 11:25:42
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Mezzmor Posts: 472 Incept: 2008-10-09 
Orlando, FL
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The sale of "no way they break the buck" has been going on forever in the brokerage business. Nightly sweeps of your cash into a MMA, and don't get me started on the 401k scam. If people actually read the prospectus for their bank MMA, it would send chills up their spines in regards to what they invest in and the real risk involved. Just wait until responsible people that put their money into the "safest" investment in their 401k or IRA wind up taking a 40% haircut, after they (like me) have missed the stock market implosion. 2009-01-30 11:39:40
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Phirang Posts: 8083 Incept: 2008-10-25
Fields of Cannae
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If JPM stopped lying, the stock would be $10.
---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2009-01-30 11:48:50
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Margincalltime Posts: 811 Incept: 2008-04-01
NJ
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Along with a number of others Phirang...
2009-01-30 11:56:14
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Berkleyreindeer Posts: 533 Incept: 2008-07-22 Minneapolis , MN
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i have to disagree. state street sold piles of MMA's and ate the loss. the reserve fund probably would have too, except they weren't big enough. If they want to sell these things as "SAFE" they should have to actually buy the insurance instead of being self insuring. The only difference is the little guy who ****ed it up for everyone else by not having the money behind the sales pitch. The back room decision makers simply need to actually buy the insurance instead of occasionally calling it a one time charge to backstop money funds. no big change.
---------- It'll get worse. Just wait. 2009-01-30 12:04:13
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Ruffcut Posts: 1784 Incept: 2007-07-07 Mushagain
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I was beginning to wonder about JPM. They have been quiet. I guess they have to get their propaganda spew going, too. Their blame game is no better, in a room full of stink, of "who farted". ---------- If *******s could fly, then DC and wallstreet would be airports. "I'm sick of being sick about this ****" J0nx 2009-01-30 13:46:58
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Phirang Posts: 8083 Incept: 2008-10-25
Fields of Cannae
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Does anyone here have an estimate of the capital JPM needs to raise to maintain reserve ratios?
---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2009-01-30 13:54:31
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Berkleyreindeer Posts: 533 Incept: 2008-07-22 Minneapolis , MN
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technically they are fine. but you then have to ask wha counts for reserve rations. freddie was fine 6 months ago according to the regulators but has since needed 35 billion to stay above zero net worth. regulatory levels are laughable and should be rewritten or disregarded completely by investors
---------- It'll get worse. Just wait. 2009-01-30 13:58:06
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Brucelee Posts: 835 Incept: 2007-09-12 detroit, mi
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gen, you couldn't be more right and another example of this would be the debacle in auction rate securities.
---------- "There is no way it can be allowed to be more prosperous than those it has failed, and those who pay its salaries." - Bozonian 2009-01-30 15:16:36
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Themortgagedude Posts: 3343 Incept: 2007-12-17
saint louis
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there is no insurance, no backstop, and that you can lose money in these funds. Put it on the bottom of every page of the prospectus. Or put it in bold on the webpage and make them click I agree. But make it big and bold enough that you know it. Kind of like the warnings on Cigs. Smoking is >>>>>>>>>>>>> and may kill you. ---------- Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice. Last modified:
2009-01-30 15:36:28 by themortgagedude
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Phirang Posts: 8083 Incept: 2008-10-25
Fields of Cannae
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People are buying JPM for the dividend, as we speak. There is no cure for stupid. ---------- In the space of a weekend, I nearly lost everything and got it all back. - Clayton Riddell 2009-01-30 15:42:39
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Widgeon Posts: 5671 Incept: 2007-08-30
OK
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I thought "the shorts" brought down BSC and LEH? 2009-01-30 16:57:33
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Financeguy Posts: 4720 Incept: 2007-08-10
Charlotte
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Best source I have found on what really is going on with the banks.....Quote:First, IRA's estimate for accumulated bank charge offs for 2009 is in the neighborhood of $1 trillion vs. $1.5 trillion in Tier 1 Risk Based Capital at all US banks today. Good news, though, is that 2/3 to 3/4 of that loss number comes from the top 4 - Citigroup (NYSE:C), Bank of America (NYES:BAC), JPMorganChase (NYSE:JPM) and Wells Fargo (NYSE:WFC), in that order of risk profile. http://us1.institutionalriskanalytics.co.... ---------- "Granted, if you are not into Barbara Streisand and creme brulee, South Beach could be a tad lonely." Eleua 2009-01-30 21:33:01
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R2judge Posts: 251 Incept: 2008-04-13
Burbank CA
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Herein lies the reason it is not so simple to mark everything to market and it is done and over with. This Mortgage junk is woven into everything, including supposedly safe money market funds. Once the chips are all on the table, everyone has taken a big haircut. Thus nearly everyone is poor and will not be running out to re-stimulate the economy. The big boys are all shaking in their boots about the very thought of the truth being known for all to see. They will come up with gimmick after gimmick to evade reality.
2009-01-31 10:33:25
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