Mother’s Day at JPMorgan by Peter Steiner
Hat tip Josh
Category: Bailouts
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Excellent.
really, Haven’t We had enough of ‘Derivatives’?
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or, differently, Would the “Artist”, kindly, inform Us of his ‘Inspiration’?
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“”Presstitutes”, not Just for Breakfast, anymore..~” (yes, bad Pun, intended..)
LOL :-)
you people are terrible
From Bloomberg on April 4, 2012,
“JPMorgan Chase & Co. (JPM), the largest and most profitable U.S. bank, gave Chairman and Chief Executive Officer Jamie Dimon $23 million in pay and bonuses for 2011, about the same as the previous year.”
Worth every penny. And why won’t Congress get off his back so he can trade freely and responsibly?
this would be the poster i would use for these clowns:
http://www.allposters.com/-sp/What-s-On-a-Man-s-Mind-Sigmund-Freud-Posters_i96866_.htm
IMHO these are better:
http://www.zerohedge.com/contributed/2012-19-11/too-big-wean
Obama the Whore?
Why would a sitting President comment like this, unless he ALSO was sucking on a big TIT?
http://news.yahoo.com/obama-jpmorgan-one-best-managed-banks-214359921–abc-news-politics.html
Why do you think the capitol dome looks the way it does?
@Philipat: Yes, BB parody of Time cover was much better. Have to go with the Time cover parody this week.
But they are doing God’s work.
though, again, if that Hack had ‘Any’ sense of, actual, *History..
http://search.yippy.com/search?query=Federal+Reserve+Act+of+1913&tb=sitesearch-all&v%3Aproject=clusty
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=Federal+Reserve+Fraud
the ‘suckling’ wouldn’t look like ‘Roger Sterling’ (ref. “Mad Men”), the ‘Creature’ would look ~equal Parts–Skeletor, yon’ ‘Horned fellow(the one, you know, with ~the Tail..’), & adorned with the latest in T-101 exo-skin..
no?
“… Cyberdyne Systems Model 101
In The Terminator, Kyle refer the Terminator as a “Cyberdyne Systems Model 101″. In Terminator 2: Judgment Day teaser trailer, the same is displayed on the screen of living tissue molding machine…”
http://terminator.wikia.com/wiki/Cyberdyne_Systems_Model_101
@PeterR
after reading most of what Obama said, that is what we Chicago’ns would call a “Left Handed Compliment.”
In other words, an insult.
Remember that these derivative “hedges” are a zero sum game and some counter party “won” the bet.
Of course if you double down every time you lose a sensible bet you will win eventually… unless the market remains irrational longer than you can stay solvent. Some people are so smart that they don’t need to pay attention to the simple lessons of Speculation 101 and Investing for Beginners.
Wasn’t that the plan for banks like Morgan Stanley and Goldman Sachs who became banks so they can suckle off the Federal Reserve to meet their liquidity needs after 2008.
couple articles:
http://compliancesearch.com/wallstreetjobreport/breaking-5-figure-financial-sector-layoffs-in-next-few-days-will-rival-those-of-2008-crisis/
and
http://blogs.reuters.com/breakingviews/2012/04/30/u-s-mortgage-lessons-lost-in-student-debt-policy/
were interesting
But we must not leave out the happy talking flacks who are emerging from the anus of JPM and wall street in general.
To wit: “It was only a HEDGE … that’s what banks do!!!” … “A profitable banks lost a little money, only the shareholders were hurt” … In America you’re allowed to lose money” … “FDIC what???? I’m sorry I didn’t hear that”
Obama the Whore?
Why would a sitting President comment like this, unless he ALSO was sucking on a big TIT?
http://news.yahoo.com/obama-jpmorgan-one-best-managed-banks-214359921–abc-news-politics.html
In this situation the President has to spew some pablum for public consumption, what else could he say? Could he say JPM and all the TBTF banks are still beyond effective regulation and with the opacity of off exchange trading any or all of these could blow up like 2007/8 – but more concentrated.
I’m sure at some point in the process when JPM recognized the growing loss and they took actions that might have made the loss larger or put other mines in the water.
A disturbing image on so many levels.
Oh, for F&*(&’s sake, reinstate Glass-Steagall already! This crap has gone long enough and even the most jaded politician would know this is long, long overdue.
@EdDunkle;
“Chariman and CEO”
There is your problem. When the same person is minding and watching over the store it has to end bad. Personally I would never invest in a company that has abandoned the idea that shareholders need a board that has a critical eye on whatever the CEO and management is doing with their money. There are such obvious potential divergence between what is good for (and being pocketed by) the CEO and what is good for the shareholders that it amaze me that anybody would invest in a company engaging in that kind of incest. Personally I think public pension funds should be banned from putting their money at risk in such scam operations. Does anybody have a link to a blacklist of companies with this type of problem?
@PeterR
“Why would a sitting President comment like this”
The point is that if this is “the best” management there is at Wall Street (and even they couldn’t prevent their own greed from bringing taxpayers, 0% interest and FDIC insurance, money at risk), then obviously more control and oversight is needed.
Peterr, cjb,
…at least Obama’s favorite bank is in the US. Not a foreign bank like your man Romney. Who also thinks the young adults are too stupid to understand banks…
http://www.huffingtonpost.com/2012/05/12/mitt-romney-bank-of-america-protests_n_1511868.html
And heck, he thinks Jamie dimon is OK anyway and wouldn’t do anything about it.
http://www.reuters.com/article/2012/05/15/us-usa-campaign-romney-jpmorgan-idUSBRE84E0NX20120515
Hardee haha
are you people making fun of and humiliating adult reverse transvestite suckling?
theres a lawsuit here somewhere…
they will go wherever the milk is
“they will go wherever the milk is”
and they will suck no matter what we do.