2 billion lost By Chase....

[mrplunkey]

Regulation is NOT synonymous for Insulation.

Regulation can be any rules even negative effecting ones.

Insulation - protections , rules.

Hence the term "Rules & Regulations"


DrOiD BioNiC EF App!

reg·u·la·tion/ˌregyəˈlāSHən/
Noun:

A rule or directive made and maintained by an authority.
In accordance with regulations; of the correct type.

A "regulation" is a rule. It's just a sugar-coated term for the government doing it.

Identify a single regulation in effect today that isn't a rule.

 

[brownbrown]

reg·u·la·tion/ˌregyəˈlāSHən/
Noun:

A rule or directive .

In Your own definition.

When put into a sentence with a word that is synonymous with RULE, it does NOT mean Rule. Its Fucking redundant

 

[mrplunkey]

In Your own definition.

When put into a sentence with a word that is synonymous with RULE, it does NOT mean Rule. Its Fucking redundant

The post a single government regulation that isn't a rule.

OR

Post a single government rule that isn't a regulation.

This should be interesting.

 

[brownbrown]

Ill get right on that, hold your breath.

 

[chewyxrage]

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.

Yep, they're incompetent.

If the government hadn't stepped in, they'd be the only bank left.

They could have been been the last bank standing, if they wanted.

 

[redsamurai]

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

only you would equate zoning off the finance sector the point it doesn't drag the entire economy down with it, with "more regulation". More regulation doesn't "necessarily" mean, as you claim, to put more rules on the individual business. It can also encompass who's allowed to interact with those business's and to what extent. In any case i really don't care, you can call it nancy if you like. If "regulation" is what suits your eye so be it....then we need regulations that insulate us from these guys casino betting. Hey didn't McCain basically say the same thing when he was running? Less regulation on the banks but keep their casino games from toppling the economy again?

 

[redsamurai]

Yep, they're incompetent.

If the government hadn't stepped in, they'd be the only bank left.

They could have been been the last bank standing, if they wanted.

well then what do you call what just happened? They knew that dude in london was sitting billions on swaps...something they all promised just a year or so ago that they were done with, woulnd't dream of doing it again. Look honestly i give a shit in this instance because it doesn't as of yet look like it's going to adversely affect our economy, just Chase stock which i could give a shitsnicking fuck about. As long as the repercussions of these guys operations are "solely" to shareholders or otherwise people who choose to do business with Chase...have the fuck at it.

And apparently it ain't done, once they unravel all this there might be another 1 to 2 billion in losses. That's incompetence and you can bet the shareholders thing so. Dimons job is likely safe if the losses are capped now, if they do go further you think they're gonna keep him?

 

[nimbus]

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).

more people touched by hedge funds than JP Morgan, but that isn't how you determine whether the average investor benefits from JPM's loss. Your reasoning assumes that every hedge fund is gaining just as much as JP Morgan lost, which isn't true. Only a small percentage of hedge funds benefit from that loss, and the gain distributed among them. If you only look at the hedge funds that benefited from that specific loss, I bet they make up a smaller percentage of a pension fund's portfolio than JPM.

plus there is still the fact that a ton of "average" investors hold JPM, but much fewer of them can get into a hedge fund.

I think if you take a step back and use intuition, you will conclude that the average investor is probably worse off due to JP Morgan's bad CDS trades, and that most of the benefits went to rich people in some specialized hedge funds

 

[mrplunkey]

only you would equate zoning off the finance sector the point it doesn't drag the entire economy down with it, with "more regulation". More regulation doesn't "necessarily" mean, as you claim, to put more rules on the individual business. It can also encompass who's allowed to interact with those business's and to what extent. In any case i really don't care, you can call it nancy if you like. If "regulation" is what suits your eye so be it....then we need regulations that insulate us from these guys casino betting. Hey didn't McCain basically say the same thing when he was running? Less regulation on the banks but keep their casino games from toppling the economy again?

Who would be "zoning off the financial sector"?

Who would decide "who's allowed to interact with those businesses" (I corrected your spelling for you)?

Who would do the "insulate us from these guys casino betting"?

Of course it would be government.

You blather Ron Paul this and Ron Paul that -- but when it's time to actually reduce the size and scope of government you jump back on the big government/big regulation bandwagon.

 

[youpissmeoff]

Tarp wasnt willing, Federally backed loans for them to do this shit, they're expecting a loss of 1 billion next quarter also

They didn't willingly take tarp either - they were forced to. They also already paid it back before these investments were made.

If you want to blame it on anything outside of just a bad business transaction, you can blame QE! & QE2. Banks have more liquidity than they have loan demand. They are going out and taking riskier transactions to put money to work.