Posted on 04/13/2009 3:27:31 AM PDT by TigerLikesRooster
What is the conflict?
JPMorgan, with the essential aid of Goldman Sachs, plot to bring down the DJIA index and the S&P500 index whenever the USTreasury conducts auctions or needs Congressional passage of key bailout bills.
Is it an evil plot?
The big stock declines seen recently work to the BENEFIT of the USTreasury and US Fed. as agent for auctions.
How does the Treasury (and the Fed) benefit from big stock declines?
Most of the US public has savings dominated by stocks, with little in bonds.
Really?
The Wall Street thieves and conmen wish to learn details on hedge fund positions so as to target them illicitly.
You mean the Wall Street thieves and conmen who provide prime brokerage services to hedge funds want to drive them out of business?
They exploit hedge funds, wreck them, then encourage them into the fold at JPM in brokerage accounts, where their private accounts are rendered vulnerable under the new US Fed. rules.
Huh? Maybe this would make more sense if the writer spoke English?
When Bank of America merged with Merrill Lynch, a trend started, one that exposed private stock brokerage accounts. Officially they can be legally borrowed across subsidiary lines.
Individual stock holdings can be borrowed across subsidiary lines? How does that work exactly?
The other event was more blatant, as the FDIC steered Washington Mutual out of bankruptcy failure and into the JPMorgan slaughterhouse.
And saved the FDIC from paying out billions for insured deposits.
Inside its chambers, JPM gobbled up the WaMu deposits and benefited from ratio improvements.
Yeah, that's kinda why JPM bought them.
The FDIC has become an ugly investment banker lookalike, serving JPM and not the US public.
The public and WaMu depositors didn't benefit from the purchase?
Goldman Sachs clearly profited from the ups & down in the Dow and S&P500, lifting stocks after Congressional agreements, pulling them down before those agreements.
Which stocks, which agreements on what days? How much were the profits? How does the writer know?
Jim_Willie_CB needs to get back on his meds, he might make more sense.
Ya know, I wouldn't be too shocked if this were someday proven, but absent that essential proofiness, naked accusations like this end up sounding flaky.
Whhhhhhaaaat!?!
They profited!?!
They profited!?!
Clearly!
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