Re: Earlier we were complaining that the newsflow was on its way to getting full-retard surreal. It just crossed that line.,,,,,,,, FBI Opens Inquiry Into JPM Loss
Msg. 41125 of 45651 (This msg. is a reply to
41122 by
capt_nemo)
Jump:
capt
...before Eric Holder was attorney general, he was a lawyer for jpmorgan. When he is thru being attorney general he wants to go back to being a lawyer for jpmorgan. It is more likely that he will prosecute black panthers for trying to intimidate voters before he says or does anything detrimental to the folks at jpmorgan.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
- - - - - The above is a reply to the following message:
Earlier we were complaining that the newsflow was on its way to getting full-retard surreal. It just crossed that line.,,,,,,,, FBI Opens Inquiry Into JPM Loss
By: capt_nemo in
ROUND Tue, 15 May 12 9:04 PM
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.
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