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Jamie Dimon Just Admitted To The World That JPM's Assets Are Overvalued By $150 Billion

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 20 Aug 12 6:20 PM | 41 view(s)
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Msg. 43448 of 45651
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This is a very interesting development, especially given the manner in which this was made public...

http://dailybail.com/home/jpms-150-billion-fdic-reality-adjustment-jamie-dimon-just-ad.html

Holy mark to bullshit. Jamie Dimon just admitted to the world that JPM is mis-marking assets to the tune of $150 billion.

It gets better. Go to page 10. The chart shows that they only have $184 billion in equity, minus the $50 billion loss, minus 'the $150 billion fdic reality adjustment', which leaves them in a negative equity position of (-$16 billion).

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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