Capital Account on JP Morgan Hearing
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-06-13 23:56
by Karl Denninger
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Capital Account on JP Morgan Hearing
 

These folks are always good at getting to the bottom of a story......

http://www.youtube.com/watch?v=I3swXsLaBWs&feature=plcp

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User Info Capital Account on JP Morgan Hearing in forum [Market-Ticker]
Noodleman
Posts: 2394
Incept: 2008-11-01

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Had you told me 40 years ago that in 2012 I would be getting more in-depth, accurate and factual financial and political news from a Russian media network operating out of DC than I would get from my own nation's media corp I would have cut loose with 10 minutes of profanity laced words without repeating myself once.

God almighty. We've experienced a revolution in reverse without a shot being fired.

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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935

Effinre
Posts: 29
Incept: 2007-11-17
Green
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Not to hi jack this ticker. But did anybody else cheer for that wind to blow a little harder beginning that 6:45 mark?
Sailordeek
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Where did the billions go? They went somewhere. My guess is the hedge was private. Looted. Corzined. This smells of the worst looting. How do you offshore billions of shareholder equity? Ask Jamie. He knows.

Mannfm11
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DFW, Tx
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I am going to put it bluntly. Dimon is a lying MF. Congress trys Roger Clemmens for lying to them about whether or not he did steroids, yet these bankers are cheating the entire country, bankrupting its middle class and they parade liars before the committee without questioning anything these thieves tell them. It comes out they lied over and over again. Where are the trials? This guy should be put on a fire ant hill in the woods outside where Karl lives.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Sqmo
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Roger Clemens did not contribute $800k to their various campaign funds.
Colk55
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Online
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Quote:
*Insert name here* is a lying MF.
Fixed it for you, Mann. CONgressional hearings are just part of the dog and pony show to make people think that CONgress is paying attention. CONgress makes a big to-do over Clemens, the NFL, etc because even among non-devotees, there are people who have at least heard of them. Ask 90% of Americans who Jamie Dimon is and most of them will give you a blank look. Every local paper in the country could print a headline that said "Jamie Dimon is a lying MFer" and most people would read the headline and say "Who's Jamie Dimon, a new American Idol Judge?"

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The politician's motto: If you can't dazzle them with brilliance, baffle them with bull****.
Gable
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Incept: 2009-07-04
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Quote:
"Where did the billions go? They went somewhere. My guess is the hedge was private. Looted. Corzined. This smells of the worst looting. How do you offshore billions of shareholder equity? Ask Jamie. He knows. "


As someone who understands only the most very basic aspects of investing, I thought the same thing. I was always told for every dollar gained by someone and dollar is lost by someone. The money just does not go poof. It would be interesting to know who got it.

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In all of history, no government became more honest, less corrupt, or granted its citizens more rights as it grew in size. E.L. 2011

Ellie's Law-As an online discussion about the failures of the Obama Administration continues, the probability someone shouting "It's Bush's Fault" approaches 1
Jstanley01
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The only way Senator Demented could have made his signal to Demon and the pigmen watching any clearer would have been to literally pull down his pants, bend over the desk, and wiggle it. Elect Mittens and a Republi-turd CONgress, and Dodd Frank will be repealed in January; it is at the top of their agenda.

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You can't cheat an honest man. ~P.T. Barnum
Uppity_peasant
Posts: 3125
Incept: 2009-06-26

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Jstanley wrote..
Elect Mittens and a Republi-turd CONgress, and Dodd Frank will be repealed in January; it is at the top of their agenda.

The president-elect and the Congress-elect would go into secret session on Thanksgiving to deal with Dood-Frankfurter. And make it a federal felony to mention either of the words "Glass" or "Steagall".

Frankly, I don't know why you guys get all bent out of shape about trivial stuff like this.

Me, I sleep better nights knowing that dangerous criminals like Roger Clemens, Barry Bonds and Shellie Zimmerman have been taken out of circulation through the ceaseless efforts of the overworked and underpaid Merkun Justice Apparatus.

And you raciss bastiches need to get off Eric "Dick" Holder's case, lest desperado Roger Clemens once again slips out of the grasp of The Law because Holder is tied down by impertinent questions from the KKKers on teh Senate Judiciary Committee.

BTW, Karl - thanks for our weekly Lauren Lyster spoonful of sugar that makes the medicine go down.

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If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with?

Cobra2411
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Philly P.a.
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Did she say "It's July 13th?"

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To err is human. To really **** things up takes government.
Eaglewwit
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I wonder if Lauren would ever sell out for a big contract with the devil (CNBS)?
Leicestersq
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UK
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Cobra2411,

She did say July 2012.

And the weird thing is if you watch the bill still report from the previous post, he has Angela Merkel making a quote on July 13 2012 as well. It is a bit like flash forward.
Jstanley01
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Incept: 2008-07-30
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VOTE MITTENS AND SET THE PIGMEN FREE!!!...


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You can't cheat an honest man. ~P.T. Barnum
Financeguy
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