BLAH FRIGGIN BLAH,,,,,,,
From NBC:
NY FBI Opens Inquiry into JPMorgan Chase Loss
The FBI in New York has opened an inquiry into JP Morgan Chase's $2 billion loss, NBC 4 New York has learned.
People familiar with the matter tell NBC 4 New York that the inquiry is not a criminal investigation. The FBI is taking a preliminary look at the incident.
JPMorgan Chase CEO Jamie Dimon disclosed last week that the bank had lost the $2 billion by making a bad bet with so-called credit derivatives.
Investors lopped off nearly 10 percent from JPMorgan's stock price the next day, and 3 percent more on Monday. Since Dimon made the announcement, nearly $20 billion in market value has evaporated.
Sooooo: FBI jobs created or saved investigating JPM: +10,000?
Translated: the FBI has been unleashed to investigate how a bailed out TBTF bank with full government backstop can possibly lose money, and to arrest those responsible.
The good news: this surely means that the FBI will certainly now look at recent vaporization events at MF Global. Right??? Right??? LMAO,,,,,,,,,,
The scariest news of the day: FBI agents are now using Bloomberg Terminals.
http://www.zerohedge.com/news/fbi-opens-inquiry-jpm-loss?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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