Rumours have it that JP Morgan Is On The Way Out!

Over the past couple of days rumours are circulating that a big banks is on the verger of collapse and many of them associate that banks with JP Morgan.

This just crossed my desk and if true we are looking at apocalypse!

Here is a iconograph showing the exposure of the five to big too fail to the derivatives bubble

MORGAN STANLEY IMPLOSION

The insider conversation, often called chatter when it become deafening in tone, is that Morgan Stanley faces imminent failure and ruin. Almost two weeks ago, the Jackass provided a tip to Bill Murphy of GATA to post on his popular LeMetropole Cafe that Morgan Stanley fund managers and high ranking employees were preparing for the firm’s implosion. A subscriber to the Hat Trick Letter has a good friend whose father works as a fund manager and provided the story. It was not detailed, and bore no follow-up after my request. The older employees are selling all of their stock, some legacy stock from one or two decades ago.Many workers are making contingency plans for their next positions in another firm. When Lehman Brothers was killed, thousands of employees had to find new jobs, some without success. In the last week, the shock waves are being heard from internal Wall Street sources in an unequivocal manner. The implosion is in progress, like the collapse of several platforms and structural cables.

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7 thoughts on “Rumours have it that JP Morgan Is On The Way Out!

    • This just crossed my desk and if true we are looking at apocalypse!

      hooray for some good news!

      I’m confused. Which is it? Apocalypse? Or good news?

      • To some of us the collapse of the fraudulent, monopolistic debt based financial system can’t happen soon enough. I am in favour of a public credit system and I am terrified of an uncontrolled collapse. The comment you referred to is from one of my readers and therefore not necessarily agrees with mine.

        Read this and this. Your contributions are valued but don’t try to entangle me in endless time consuming interactions.

  1. This is a case of ‘we’ll just have to wait and see’. Nothing on Zero Hedge or anywhere else, but this was carried on Max Keiser’s website and he’s no fool when it comes to Wall Street!

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