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« $16,000,000,000,000.00bama | Main | BUSTED: 7 Out Of 8 Major Banks FAIL Fed's Bailout Test »
Wednesday
Apr132016

Jamie Dimon: 'The Liquidity Of JPM Is Extraordinary'

BAILOUT POSTER BOY

Dimon begins speaking at the 50 second mark.

"The liquidity of JPM is extraordinary."

JPMorgan earnings were released this morning. Apparently their liquidity wasn't good enough to pass the Bailout Test from either the FDIC or the Fed. The only extraordinary thing about JPM in the last 10 years is how Dimon persuaded Bernanke to subsidize the Bear Stearns takeover, and the billions they made selling toxic MBS to the Fed (at 100 cents on the dollar) under the malevolent disguise of QE.

 

 

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Reader Comments (2)

The U.S. economy continued to expand from late February to early April and low unemployment appears to be spurring an uptick in wage growth, the Federal Reserve said on Wednesday.

http://www.cnbc.com/2016/04/13/beige-book-for-april-2016-released-by-federal-reserve.html
Apr 13, 2016 at 3:53 PM | Registered CommenterDailyBail
Republican National Committee member Randy Evans predicted Wednesday that Donald Trump would likely be able to secure the Republican nomination if he captures anything more than 1,100 delegates, short of the 1,237 delegates needed for a simple majority.

http://www.washingtonexaminer.com/rnc-member-donald-trump-can-win-with-1100-delegates/article/2588378
Apr 13, 2016 at 4:33 PM | Registered CommenterDailyBail

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