2 billion lost By Chase....

[nimbus]

And think about the happy investors who bet against Chase. They've got a fresh $2B dollars! Good for them as well.

lol, a single tear of joy is running down my cheek for the hedge fund managers. since i doubt mom and pop are selling credit default swaps

 

[mrplunkey]

lol, a single tear of joy is running down my cheek for the hedge fund managers. since i doubt mom and pop are selling credit default swaps

Yet mom and pop would have extraordinary exposure to Chase?

 

[brownbrown]

Jamie Dimon was Impressive on Meet the Press.

Jamie Dimon - CEO of JPM Chase

DrOiD BioNiC EF App!

 

[nimbus]

Jamie Dimon was Impressive on Meet the Press.

Jamie Dimon - CEO of JPM Chase

DrOiD BioNiC EF App!

"it didn't violate the volcker rule; it violated the dimon principle"

love this guy

 

[nimbus]

Yet mom and pop would have extraordinary exposure to Chase?

anybody can buy JPM, and lot of pension funds like CALPERS are major holders of JPM

 

[mrplunkey]

anybody can buy JPM, and lot of pension funds like CALPERS are major holders of JPM

And pension funds can invest in hedge funds too.

 

[nimbus]

And pension funds can invest in hedge funds too.

yea but i'm assuming that they would have a lot more money invested JPM than in hedge funds trading CDSs

 

[chewyxrage]

Chase was pretty much forced to take tarp funds, they didn't need them.

They (government) pretty much asked Chase for a favor - Take these funds so that "all" banks are taking this bailout.

Chase annual earnings are something like 95 billion. They made a bad bet. Jamie has to clean those dumbasses out of his company.

Now is a great time to buy some Chase stock.

 

[Fishak]

Chase was pretty much forced to take tarp funds, they didn't need them.

They (government) pretty much asked Chase for a favor - Take these funds so that "all" banks are taking this bailout.

Chase annual earnings are something like 95 billion. They made a bad bet. Jamie has to clean those dumbasses out of his company.

Now is a great time to buy some Chase stock.

I concur.

Sent from my PC36100 using EliteFitness

 

[mrplunkey]

yea but i'm assuming that they would have a lot more money invested JPM than in hedge funds trading CDSs

Market Cap of JP Morgan: $140B -- 74% of which is held by institutional investors.

Size of Hedge Fund Industry: $1,900B -- 100% of which is held by institutional investors.

I'd bet statistically speaking, mom & pop's retirement funds are more likely to have $1 invested in a hedge fund than in JP Morgan.