I will believe it when I see it,,,,,,,,,,,,,,,
Submitted by Tyler Durden on 07/15/2012 09:59 -0400
Barclays
CDS
Commodity Futures Trading Commission
default
Deutsche Bank
Jamie Dimon
LIBOR
On Friday morning, Jamie Dimon as head of the bank many (well, some: Zero Hedge) expect will be the first casualty when the Liebor scandal finally breaks on US soil, which it will within 2-3 weeks, faced several questions on his Q2 conference call trying to extract more information from the bank as to where it may stand in the Liebor scandal.
This is what he said:
Unidentified Analyst
Hi, two very quick follow-ups. One I just want to make sure on the LIBOR issue. I understand all the things that you can’t talk about mid investigation, but I’m assuming this has been gone on for a while that you’ve had three, six, maybe more months of internal investigations. Is there anything you can tell us and comment on?
Jamie Dimon
No.
...
John E. McDonald – Sanford C. Bernstein & Co.
But I guess just one more slide that’s on the LIBOR, do you have any sense of how long the issue will overhang on the industry and whether we’ll get some kind of clarity about the investigations over the summer or is it something that could drag on for long time? Any insight in that and when we’re going to get more information on it?
http://www.zerohedge.com/news/33-minimum-probability-criminal-charges-against-jp-morgan-lieborgate?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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