JP Morgan in big trouble???

[jtabeb]

Re: JP Morgan in big trouble???

Basil -

If I took an hour out of my evening, I could post 50 (fifty) different photos and video clips on this thread of similar and even far worse, illustrating many more instances of such a "misinterpretation of Sharia justice" - and notably - attributed to several different countries - for you to gaze at and emotionally digest. I won't bother, partly out of respect for people's sensibilities, and partly because I know full well you are aware that there is such a quantity of documentation out there, which is easily accessible.

According to you the sum total of this rather large body of documentation is just a mischieveous "mis-direction".

Your protestations that these are "mis-representative" sound like BS to this reader. They may be rare, but they are "countenanced". Why does one not read outspoken denunciations of such practices within the ME press? Are the press fearful of posting apostate opinions there perhaps? Sorry, I must be incorrigible and ignorant, mustn't I, although I've lived in a half dozen countries and traveled to about 30-40 during the course of my 53 years - this is an expression of cultural ignorance on my part?

Ah yes, we could not possibly tell you anything that you DON'T KNOW, how could I forget...

Please put this in the "RANT'S and RAVE's" now that this discussion is truly in the gutter.

[jtabeb]

Re: JP Morgan in big trouble???

It makes no sense to me either but then again I am not a greedy sociopath!

Actually, I think there is a name for this phenomenon. Isn't it called "Poetic Justice".

[santafe2]

Re: JP Morgan in big trouble???

Starving Steve wrote "... I want to bash all religion.... To me, religion is a sad hang-over from the world's Dark Ages

I can't think of much good that has come out of religion, but I can think of much evil. The Middle East to-day stands as proof of the inherent evil of religion."

Christ was born into the Roman World - it was pagan and cruel. There was little or no compassion among the Romans for those who were deformed, weak or helpless. The Orthodox and catholic Church of Christ bore witness to Truth incarnate in the person of Jesus Christ, and she saw the face of God in the poor, the lepers, the weak and defenceless. She founded orphanages, provided unmercenary physicians, fed the hungry, provided the very basis for Byzantine and Western law beginning with the Code of Justinian I, and through her monastics preserved the history and learning of the classical world through the Dark Ages.

Many atheists and skeptics wax loudly about the "horrors committed in the name of god", and the "power of science to combat religion and all other superstition", and Orthodox Christians do not deny the crimes committed in their name. But these same people refuse to see what an atheistic humanism has wrought through such monsters as Robespierre, Lenin, Stalin, and Mao. (I don't include Hitler and the Nazis because they were pagan and dabbled in the occult.) To them Pol Pot is just an isolated abberation, while Jim Jones and the horror of Jonestown is proof that Christianity is false. But as Doestoyevsky said, "If there is no God, then anything is permissible".

At one time in my life I bought into this through willful ignorance. I was also sympathetic to atheistic thought for the very same reason as Aldous Huxley. But after an open and honest study of ecclesiastical history I changed my mind.

I will be glad to discuss this with anyone on Rant and Rave - the proper forum for a subject such as this. BUT, I don't want to assist in highjacking another thread here.

How do you find time to post here? You'd be better served ferreting out and drowning witches. In case I'm not being clear, this is the craziest post I've seen by a paid subscriber on iTulip. Seriously, find a psychologist or join AA if that's the issue. Please never assume you can pay a few hundred dollars and earn the right to post this nonsense here.

[derelict54]

Re: JP Morgan in big trouble???

Sad to see it that our society has to relearn the same mistakes over again and that in fact there were safeguards put in place to protect our system. Last time their were interest only mortgages was in the twenties..........But the rich bankers bought the politicians and placed their self interested advisors (Rubin, Graham, Summers, Geitner, Greenspan) in the cabinets of their bought politicians. Furthermore, Its sad that it takes 24 months after the crisis started for someone in remote power of our government to bring up Glass Steagall again. I mean really what the? How long does it really take to figure this out? (Oh wait and maybe the credit rating agencies shouldn't be for profit organizations, just a guess, but that's my opinion)

"Volcker Urges Dividing Investment, Commercial Banks"

http://www.bloomberg.com/apps/news?p...QSuiE&refer=us

And even Stiglitz shuts up the hen house at cnbc with some sense

http://www.cnbc.com/id/15840232?video=1051910745&play=1
Until someone kicks the Harvard & Chicago business school boys out of the economic positions in power, we are f'd. And somehow we have got to get to our legit representatives to let them know and kick out the corrupt ones that look to keep us down.

McCain had Graham, Obama Summers, what choice is that, and what kind of f'd up country are we?

Nothing like having commercial banks that are backed by the FDIC and the taxpayer backstop, betting on commodity futures, getting caught in currency short squeezes, naked shorting institutions to bankruptcy and then cashing in CDS contracts to boot. Then they get rewarded with taxpayer money through baliout bonuses or under the cover of further AIG CDS bets. We have created huge hedge funds that are badly dressed up as conservative banks vital to our economy?

The shadow banking system and now the regulated banking system in broad daylight is acting like a pack of rabid dogs running to anything that smells like blood and devouring it to the death.

In the shadow of senators offices and wall street back offices you see the sinister eyes, hear the howling, and notice the drops of blood, and you see the drooling mouths hovering over the carcass of our Forefathers Dream and the American Economy. This enemy on Capital Hill is on both sides of the aisle and is being controlled by the penthouses of wall street and the corner offices of corporate conglomerates. The common man and the just cause has no representation in this country anymore. While you were sleeping or arguing about abortion, gay rights, the public display of the 10 commandments, and other heated organized religion B.S. that should never be argued in a country that has seperation between church and state, the bankstas stole the money and soul of the American laborer.

[santafe2]

Re: JP Morgan in big trouble???

McCain had Graham, Obama Summers, what choice is that, and what kind of f'd up country are we?

We are a country of dreamers. We think it, we find a few friends who believe it and we do it. Sometimes we fail. Honestly, most of the time we fail, but we're not concerned with failure. We have our eye on the horizon and we Americans are raising our kids to ignore the present and work hard to succeed on the horizon. This is to my mind the best country in the world. I'm thankful to live here and I hope I've communicated that knowledge to my kids.

Summers and Graham are assholes. They don't matter. To equate them with the US is just dumb. They are, as you say, f'd up. The country is all of us working hard to get out of this and learning to lead again. Don't confuse the two.

[tsetsefly]

Re: JP Morgan in big trouble???

I could not watch the interview because my computer has a hard time with videos.

Less than $100 million dollars per day of short selling is destroying all of the major companies in America. This is what the CFO of GE had to say last week. Why does the U.S. government allow this?

Perhaps, if we had different leadership than Bernanke heading the Fed, things would be different. The Fed would buy against the short-sellers at 10AM E.S.T. on Monday morning --- the usual time when the short-sellers move in--- and put them out-of-business.

Why did Obama keep Bernanke at the Fed? Bernanke is Bush's man.
Everything Bernanke has done at the Fed seems to be a colossal failure. Why keep him?

The obvious move for the Fed is to move against the short-sellers in New York. Why isn't this obvious to Bernanke? :confused:

Short sellers are a scape goat, short selling was banned for a month and the market still got killed. Plus you can bet the PPT is working "against"short sellers...

[D-Mack]

Re: JP Morgan in big trouble???

This brings back a lot of memories for me. During the really dark days of metals investing, mid-to-late 2000, when it didn't matter how confident you were long term, you were losing money. Everyone had a favorite gold hobgoblin. I subscribed to GATA and they were all over JPM and the Bank of England as deeply rooted conspirators. It passed as GATA analysis. They pounded this table - JPM was going under in 2001 when gold flew through the roof and crushed their short positions.

The odd thing for me was that while I was a metals investor and a GATA subscriber I was also managing a large software project at Chase in NYC and I had been for the last year. I'd worked with several other banks on similar projects but these people were not intimidated by us or our software. They spent their working lives making sure our algorithms interpreted their understanding of their business or they asked us to re-write them to fit their understanding. I've never worked in a more challenging environment.

As we know, gold moved up, JPM survived and we find ourselves at this juncture. I only worked with JPM for 3 years but I would not bet against them. GATA has always used the Don Quixote symbolism to tout their assumed David vs. Goliath battle. In truth the are simply tilting at windmills.

Some say it's the Fed ....

Where does GATA come up with 200 trillion in derivatives? If I remember it was around 80 trillions last time I heard.

And why aren't they on the list of AIG customers, or where they left out from the leaked partial list ?

Who got AIG's bailout billions?

By Toni Reinhold

NEW YORK (Reuters) - Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.

The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured into American International Group Inc since last fall has been paid to at least two dozen U.S. and foreign financial institutions.

The newspaper reported that some of the banks paid by AIG since the insurer started getting taxpayer funds were: Goldman Sachs Group Inc, Deutsche Bank AG, Merrill Lynch, Societe Generale, Calyon, Barclays Plc, Rabobank, Danske, HSBC, Royal Bank of Scotland, Banco Santander, Morgan Stanley, Wachovia, Bank of America, and Lloyds Banking Group.

...
http://www.reuters.com/article/ousiv...52624P20090308

[Spartacus]

Re: JP Morgan in big trouble???

The banks were already on top of the world -- it never made sense to me that it would serve the interests of JP Morgan or

True enough - "JP morgan" may not have been motivated to manipulate, even if that would be a profitable trade, especially at 20x leverage ...

any of the other big banks to upset the apple cart.

But what if the bank as a whole is nothing but a collection of Nick Leesons or worse, most of whom have not blown up as badly as Leeson only because they're lucky, not because they're smarter or more cautious ...

if you're running one lowly division and you want an extra 2 yachts to water-ski behind or you're a trader who wants a bigger office and one extra yacht, you have lots of motivation for that $10 million bonus.

[pksubs]

Re: JP Morgan in big trouble???

Please put this in the "RANT'S and RAVE's" now that this discussion is truly in the gutter.

Salvaging something from the gutter: for those interested in a wonderful and thought provoking travelogue of Turkey/Egypt/Middle East, do read : "From the Holy Mountain" by William Dalrymple. I can't claim to be an expert in any religion, but I read pretty much anything (including this thread ). I was in a resort which had a bookstore with maybe three and a half books in it, so ended up choosing this one. Dalrymple is erudite, but he puts real miles on his boots, and keeps an open mind..

[Guest]

Re: JP Morgan in big trouble???

In case an impression communicated itself from my prior critical comments that I am culturally hidebound, my own mind is wide open to other cultures.

I have no "narrow, bigoted thoughts" on the topic of intentional mutilation of society's "criminals". My internal moral compass is clear as a pool of still water. For example, I "know" what is inherently wrong in a judicial system, where the inflicting of such punishments are presented to a wide audience for what is blatantly evident to be a staged spectacle reminiscent of those staged by the ancient Romans for blood sport, or by Medieval societies in lieu of circuses. Here you have many small cues as to what the real venue is.

Instead of a cleanly cutting surgical blade cutting off a limb as the punishment for a "criminal", a short, blunt knife is used - as though expressly to inflict maximum shock to the amputee. This kind of thing has a name written across it's countenance, at the human level.

It is a name I will not mention, but one that I will always, always, always find myself vehemently opposed to from the deepest most visceral feeling in my gut. It is the name of everything that is the opposite of compassion, and it's face is an ugly thing to behold. Anyone who wishes to apologise for it I will always walk past, without any regard. There is the real gutter for you - but it takes a willingness to look at it squarely.

People here want to affect personal or cultural affront at such comments? Maybe suggest that they indicate some subtle attribute such as "cultural bigotry" on my part? Compare meanwhile, what they may portray as their "injured cultural or religious sensibilities" to the shock - shock near to death itself, which such victims endure. One injury is trivial and largely composed of conceits. The other injury is real, leading to a severed limb - and that cry is a cry out for decency from the depths of all human intelligence.

Pick your side, and then live with it.

Salvaging something from the gutter: for those interested in a wonderful and thought provoking travelogue of Turkey/Egypt/Middle East, do read : "From the Holy Mountain" by William Dalrymple. I can't claim to be an expert in any religion, but I read pretty much anything (including this thread ). I was in a resort which had a bookstore with maybe three and a half books in it, so ended up choosing this one. Dalrymple is erudite, but he puts real miles on his boots, and keeps an open mind..

[Serge_Tomiko]

Re: JP Morgan in big trouble???

Christ was born into the Roman World - it was pagan and cruel. There was little or no compassion among the Romans for those who were deformed, weak or helpless.

I really don't see how such a world was "cruel". The average person in the Roman Empire was strong, independent, and beautiful.

The deformed, weak, and helpless should be anomolies, the fate of whom is ultimately irrelevant to the success or failure of a civilization. Today, the compassion you praise has created a race of deformed, weak, and pathetic creatures. I tour the United States, and the average American today looks more like a monster than a man.

A proud Roman of 2,000 years ago would undoubtedly weep for what has become of their culture.

[GeraldRiggs]

Re: JP Morgan in big trouble???

steve:
There is nothing wrong with short selling. If the banks had nothing to hid and were telling the truth about their financial condition, there would be no shorting of their stock.

[pksubs]

Re: JP Morgan in big trouble???

People here want to affect personal or cultural affront at such comments? Maybe suggest that they indicate some subtle attribute such as "cultural bigotry" on my part? Compare meanwhile, what they may portray as their "injured cultural or religious sensibilities" to the shock - shock near to death itself, which such victims endure. One injury is trivial and largely composed of conceits. The other injury is real, leading to a severed limb - and that cry is a cry out for decency from the depths of all human intelligence.

Pick your side, and then live with it.

The trouble with responding to a thread like this, is simple statements can get taken for more than face value. Perhaps my 'salvaging something from the gutter' was offensive, but it was meant more as a convenient lead off from the previous post than anything else. However, I did find Dalrymple's book a wonderful read, and he does distill the experience of history and present in that torn land contextually into something a lay reader can grasp. Given what little I know of the area, I liked it, others may not. That's it, just a book reco..
Cheers and out!

[Spartacus]

Re: JP Morgan in big trouble???

More importantly, will one of our favourite childhood morality plays be replaced with a similar one with a different title, to wit:

"the GATA that cried JPM" ?

along with the

"the Bernanke and the Dike [1]" ?



[1] is it possible to plug a dike with a beard? [2]

[2] Who in their right mind footnotes a joke? [3]

[3] Who in their right mind reads the footnotes of a footnoted joke?

I license this post under a Creative Commons license - feel free to add your own footnotes.

[D-Mack]

Re: JP Morgan in big trouble???

I really don't see how such a world was "cruel". The average person in the Roman Empire was strong, independent, and beautiful.

The deformed, weak, and helpless should be anomolies, the fate of whom is ultimately irrelevant to the success or failure of a civilization. Today, the compassion you praise has created a race of deformed, weak, and pathetic creatures. I tour the United States, and the average American today looks more like a monster than a man.

A proud Roman of 2,000 years ago would undoubtedly weep for what has become of their culture.

Roman Charity isn't bad, they certainly had no Janet Jackson complex.

http://en.wikipedia.org/wiki/Roman_Charity

But the Romans could certainly learn more about "panis et circenses" from us.


Why do think the average person in the Roman Empire was beautiful?