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| User Info | Earth To JPM - Stop Lying in forum [Ticker] | |||
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Genesis Posts: 71431 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/758-Ea....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-01-30 11:25:42
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Mezzmor Posts: 507 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: 8824 Incept: 2008-10-25
bar khoba's revenge
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If JPM stopped lying, the stock would be $10.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-01-30 11:48:50
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Margincalltime Posts: 830 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: 560 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: 2202 Incept: 2007-07-07 Mushagain Online
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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". ---------- Support locally, and **** off globally!
2009-01-30 13:46:58
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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Does anyone here have an estimate of the capital JPM needs to raise to maintain reserve ratios?
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-01-30 13:54:31
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Berkleyreindeer Posts: 560 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: 837 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: 3930 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. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!" Last modified:
2009-01-30 15:36:28 by themortgagedude
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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People are buying JPM for the dividend, as we speak. There is no cure for stupid. ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-01-30 15:42:39
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Widgeon Posts: 6525 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: 4946 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: 302 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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