$$$ Wall Street Would Be Hit Hard By a Long Federal Shutdown [NetNet]
$$$ Jamie Dimon said potential rewards of investing in five European nations including Greece and Ireland outweigh the risk of losing $3 billion if the countries default. “In the unlikely occurrence of extremely bad outcomes in all these countries, JPMorgan Chase ultimately could lose approximately $3 billion,” Dimon said today in a letter to shareholders. “But we are in the business of taking risks in support of our clients and believe that this is a risk worth bearing since we hope to be growing our business in these countries for decades.” [Bloomberg]
$$$ Blockbuster Lawyers, Bankers Spar Over Price, Pizza [WSJ]
$$$ Accused Insider Trader Sued For Anti-Gay Bias [Reuters]
$$$ Obama Administration Faces a Host of Senior Finance Openings to Fill [WSJ]
why would JPM name their CEO Hymie?
Translated: “In the almost certain occurrence of an extremely bad outcome in these countries after we fuck them yet again, JP Morgan Chase will lose approximately dick because we all know the taxpayers will pay us back. Because, after all, that is their job.
If you leak this to Dealbreaker, I’ll fucking kill you.
Have a nice day.”