From having Paulson shove the money down his throat all the to trying to pay it back, this thing has been worse than the time our favorite Boy Toy CEO stuck Little Dimon in a pencil sharpener “on a lark.” You can bet your asses there will be PTSD night terrors.
Comments (26)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
The harpy bobbleheaded bitch hath returned.
cramps?
the pencil sharpener dare is brutal.
Is is premature to say “Worst President Ever” after 125 days?
@4- you’re an idiot. you know that, right?
@4 – Please tell me what was was your reasoning behind this statement?
So wait, let me get this straight: JPM/MS/GS are going to buy back Gov’t shares and/or warrants, but still retain access to the other Facilities established by the Fed/Treasury?
I’m all for removing the grip of Govt’s prying hands, but it seems that this is simply ditching the gov’t control while still getting the benefits of gov’t support (which no doubt will be used as leverage to gain other control).
where’s HR 1207 when you need it…
@7 – JPM/MS/GS “ditching the gov’t control” is not completely true. They will remain regulated by the appropriate authorities (Federal Reserve, SEC, OCC, etc). There are plenty of institutions (mostly smaller institutions) that have the benefits of the facilities established by the Fed and/or Treasury and are not restricted by TARP rules.
JPM/MS/GS did not ASK for the TARP funds, they were asked to take it. All the large institutions were asked to take as to not single out specific institutions. The stress tests results reversed that, but pointing out which banks need more capital and which banks don’t. What is current purpose of JPM/MS/GS retaining TARP funds?
@9 – What is current purpose of JPM/MS/GS retaining TARP funds?
—————
they get off on taxpayer rape
@10 – Go back to your Maxine Water’s circle jerk club.
Michele Obama’s penis is smarter than Porker Stansberry.
Fat Cat Jamie of JP Morgan Introduces Himself
(Cat Morgan Introduces Himself, Old Possum’s Book of Practical Cats)
WilliamBanzai7′s Book of Wall Street Fat Cats
I once was a young Wall Street Pirate what sailed the ‘igh seas -
But now I’ve rehired as CEO extra-ordin-aire:
And that’s how you find me a-taking’ my ease
And keepin’ the revolving door open for rainmakers in fluent high finance-ese.
I’m partial to repackaged debt partridges, likewise to derivative grouse,
And I favour that rich Devonshire bonus cream in a bowl;
But I’m allus content with a bonus drink on Bernanke’s ‘ouse
And a bit o’ rich FED funded fish when I done me patrol.
I ain’t got much polish, me manners is gruff,
But I’ve got a good coat, and I keep meself smart;
And everyone says, and I guess that’s enough:
`You can’t but like Jamie of JP Morgan, ‘e’s got a suave ‘art.’
I got knocked about on Paulsen’s TARP Barbary Coast,
And me voice it ain’t no such melliferous horgan;
But yet I can state, and I’m not one to boast,
That some of the gals is dead keen on old Jamie of JP Morgan.
So if you ‘ave business with risk free flavors to savor
I’ll give you this tip, and it’s worth a lot more:
You’ll save yourself time, and you’ll spare yourself labour
If jist you make friends with the Cat on the Penthouse floor.
JAMIE OF JP MORGAN.
@ 10; 9 here
what does maxine have to do with my comment?
do you not care than 10 trillion dollars has been committed by government and the fed to be paid back by you and i either through higher taxes or destruction of our currency?
14 here…
meant @11 from 10
@14 the 10T that has been committed is basically if our entire financial system goes to shit and they have to dole out FDIC deposits up to the new 250k limit (unlimited for non interest baring accounts) and Money Market funds as of 09/18/08 amongst other things. By staving off a systemic crash the odds of this 10T ever being used is slim to none. Even IF that does ever happen there will be so much blood on the streets it wont matter anyway. So GFYS, read some in depth articles, and stop watching MSNBC
14 Not 10 here, but let me try. Its like this: everyone knows that Maxine and Barney Frank are the cause of all of Wall Street’s woes. If it wasn’t for them it would still be 2006.
#4 – you suck, 9to5er
Jamie Dimon has never pounded Maxine Waters in the ass.
@13 – fucking horrible.
un-creativity is the soul of shit.
@7,
Repaying TARP is ‘buying back govt shares’. Also, they’re not buying back warrants because the treasury hasn’t offered them. If it was that simple the banks would happilly pay the couple of $100MM the warrants are worth to get away from the govt influence.
@19, you’re just jealous.
Maxine Waters
@19, you’re just jealous.
Maxine Waters
@ the guy who thinks the gov spent 10T on the bailout.
Lurn 2 reed fine anchal and eeconomik nooz
Spelled phonetically for your benefit. You will realize that if the government actually ends up on the hook for that, you and I will no longer have homes and the Stone Age will have returned.
@9/21
I know the answer, wanted to see what the response would be, moreso to my final point – that this will just replace one form of Gov’t interference with another – than with the question.
SWEET Yahoo Finance quote on the subject:
“OK, let’s get the FART money back (with interest). Then we let the banks do whatever the hell they want, but WE NEVER BAIL THEM OUT AGAIN! No f*cking safety nets! This is the big time! You fall, you die.”