2 billion lost By Chase....

[nimbus]

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.

i agree with that, but not all of those hedge funds are profiting from selling credit default swaps.

to make a fair comparison, you would need to take the value of JPM shares held by an institution, divide by JPM's market cap, and then multiply by JPM's losses from those trades. then you would do the same for each hedge fund and take the sum across all of them held by the institution.

i'd bet that a retirement fund is more exposed to JPM than the hedge funds profiting from JPM's loss. However, even if that's true, i could still be wrong about the impact on mom and pop, since JPM may have market cap way bigger than those of the hedge funds, which would make the exposure to the loss itself smaller than the exposure to the gain.

 

[chewyxrage]

I just threw a couple g at CCF for Monday Eh, we'll see what happens.

 

[redsamurai]

I give a flying fuck what these assholes do as long as they don't tank the economny. Once they position themselves to take the rest of us down with them when they lose big on their roulette fetish....then I want Uncle Sam stepping in with the myriad of large anal toys ready to put guys like Dimon on queen street. Yeah no props to Dimon for owning up to squat cause he knew at this point in time to even breathe about U.S taxpayers bailing out his incompentent outfit would have resulted in him being tarred and feathered. There is zero stomach amongst anyone be they republican or democrat to bail out these vegas acts anymore. The only thing i want uncle sam to do is insulate them from the economy, no more no less. Than they can do fuck all they want. ONLY then does capitalism work. Capitalism doesn't work if we tie eerything up in a few entities that if they get grossly mismanaged take all of us down. That's horseshit.

 

[chewyxrage]

I give a flying fuck what these assholes do as long as they don't tank the economny. Once they position themselves to take the rest of us down with them when they lose big on their roulette fetish....then I want Uncle Sam stepping in with the myriad of large anal toys ready to put guys like Dimon on queen street. Yeah no props to Dimon for owning up to squat cause he knew at this point in time to even breathe about U.S taxpayers bailing out his incompentent outfit would have resulted in him being tarred and feathered. There is zero stomach amongst anyone be they republican or democrat to bail out these vegas acts anymore. The only thing i want uncle sam to do is insulate them from the economy, no more no less. Than they can do fuck all they want. ONLY then does capitalism work. Capitalism doesn't work if we tie eerything up in a few entities that if they get grossly mismanaged take all of us down. That's horseshit.

Do you fucking read dude? Chase did the government a FAVOR by ACCEPTING bailout funds. They didn't need shit.

 

[redsamurai]

Do you fucking read dude? Chase did the government a FAVOR by ACCEPTING bailout funds. They didn't need shit.

i'm speaking in general because people are calling for more rules and whatnot. I don't want more regulations on them, just insulate us...whoever the fuck it is. Chase is incompetent though....they knew what the "whale" was doing in London for a long time so Dimon's take that it contradicted the "dimon principle' is pretty fucking comical.

 

[mrplunkey]

I give a flying fuck what these assholes do as long as they don't tank the economny. Once they position themselves to take the rest of us down with them when they lose big on their roulette fetish....then I want Uncle Sam stepping in with the myriad of large anal toys ready to put guys like Dimon on queen street. Yeah no props to Dimon for owning up to squat cause he knew at this point in time to even breathe about U.S taxpayers bailing out his incompentent outfit would have resulted in him being tarred and feathered. There is zero stomach amongst anyone be they republican or democrat to bail out these vegas acts anymore. The only thing i want uncle sam to do is insulate them from the economy, no more no less. Than they can do fuck all they want. ONLY then does capitalism work. Capitalism doesn't work if we tie eerything up in a few entities that if they get grossly mismanaged take all of us down. That's horseshit.

"U.S. Representative Ron Paul (R-TX) called Dodd-Frank a “disaster” that has imposed $1 trillion in costs on Americans."

You don't seem to align with your candidate very well.

 

[mrplunkey]

i agree with that, but not all of those hedge funds are profiting from selling credit default swaps.

to make a fair comparison, you would need to take the value of JPM shares held by an institution, divide by JPM's market cap, and then multiply by JPM's losses from those trades. then you would do the same for each hedge fund and take the sum across all of them held by the institution.

i'd bet that a retirement fund is more exposed to JPM than the hedge funds profiting from JPM's loss. However, even if that's true, i could still be wrong about the impact on mom and pop, since JPM may have market cap way bigger than those of the hedge funds, which would make the exposure to the loss itself smaller than the exposure to the gain.

It's a sheer numbers game. If for every $1 invested in JP Morgan relates to $13.5 invested in hedge funds, then statistically speaking more people (in numbers) should be touched by hedge funds.

I'm sure some specific hedge funds benefited and had a disproportionate impact on mom and pop, but an individual mom and pop would have to be over-invested by more than the 1:13.5 ratio in JP Morgan Chase to be hurt on average (yeah, I know it's an average).

 

[redsamurai]

"U.S. Representative Ron Paul (R-TX) called Dodd-Frank a “disaster” that has imposed $1 trillion in costs on Americans."

You don't seem to align with your candidate very well.

dodd frank is an ill executed disaster

in part because lobbyists got their filthy little cock scratchers on it. A libertarian utopia would in effect insulate us from these monkeys on wall street. But it would take a considerable amount of time and RP knows that. He wouldn't allow them to tank the economy with the help of their army of lobbyists ensuring bill after bill has measures slipped in on the DL that ensures they get their palms greased by the american taxpayer. That's why i like the guy. The profession of lobbying would cease to exist.

 

[mrplunkey]

i'm speaking in general because people are calling for more rules and whatnot. I don't want more regulations on them, just insulate us...whoever the fuck it is. Chase is incompetent though....they knew what the "whale" was doing in London for a long time so Dimon's take that it contradicted the "dimon principle' is pretty fucking comical.

Outstanding! You contradicted yourself in the same sentence. That might be a record.

 

[brownbrown]

Outstanding! You contradicted yourself in the same sentence. That might be a record.

Regulation is NOT synonymous for Insulation.

Regulation can be any rules even negative effecting ones.

Insulation - protections , rules.

Hence the term "Rules & Regulations"


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