Is JP Morgan crashing and if so is this the beginning of the end?

Out of nowhere, JPM announced 40 minutes ago that it would hold an unscheduled 5 pm call to coincide with the release of its 10-Q this comes straight after it became public that one of its subsidiaries had gone bankrupt.

The subsidiary gone belly up was according to Zero hedge the world’s largest “prop” trading desk.

The loss currently $2 billion dollars (First inventory)

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9 thoughts on “Is JP Morgan crashing and if so is this the beginning of the end?

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  2. Well we better reconnect….again… I follow Daily Reckoning.. and more…this all has been on the cards for years…I could have been filthy rich by now and probably one of Shonkey Donkey`s ardent followers…just by betting on all this info…through sharemarkets and the like… if only I hadn`t woken up ages ago….. more and more of this insider trading makes it even worse…. faster…2012.. wil we want to wait and see.. by continuing to do nothing.. or are we going to re-connect.. Love and Peace.. Action.. through People Power…blessings..It is our choice.. but we better get properly informed first.. NOW…

  3. $2 billion is probably just the tip of the iceberg. I wouldn’t be surprised if some of the other TBTFs follow suit.

    • I am sure that is just the tip of the iceberg. We are talking about trillion and trillions of $ earned with these same “Synthetic” Derivatives.

    • It’s just so much fun to see John Key’s banking buddies tumble. You might want to check out http://zerohedge.com/ for totally up to date info from real finance guys who know all the ins and outs and are fully awake to the crap they have been fed.

      I think I’m going to set up a rss website with feeds from most of my favourite blogs and news sites

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