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BernieforPres2016

(3,017 posts)
Fri Apr 29, 2016, 02:40 PM Apr 2016

The Fed Sends a Frightening Letter to J.P. Morgan and Corporate Media Yawns

The letter referenced in this letter was sent over 2 weeks ago, before the NY primary. Anybody recall hearing anything about it?

http://wallstreetonparade.com/2016/04/the-fed-sends-a-frightening-letter-to-jpmorgan-and-corporate-media-yawns/

<At the top of page 11, the Federal regulators reveal that they have “identified a deficiency” in JPMorgan’s wind-down plan which if not properly addressed could “pose serious adverse effects to the financial stability of the United States.” Why didn’t JPMorgan’s Board of Directors or its legions of lawyers catch this?

It’s important to parse the phrasing of that sentence. The Federal regulators didn’t say JPMorgan could pose a threat to its shareholders or Wall Street or the markets. It said the potential threat was to “the financial stability of the United States.”

That statement should strike fear into even the likes of presidential candidate Hillary Clinton who has been tilting at the shadows in shadow banks while buying into the Paul Krugman nonsense that “Dodd-Frank Financial Reform Is Working” when it comes to the behemoth banks on Wall Street.


How could one bank, even one as big and global as JPMorgan Chase, bring down the whole financial stability of the United States? Because, as the U.S. Treasury’s Office of Financial Research (OFR) has explained in detail and plotted in pictures (see below), five big banks in the U.S. have high contagion risk to each other. Which bank poses the highest contagion risk? JPMorgan Chase.>

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The Fed Sends a Frightening Letter to J.P. Morgan and Corporate Media Yawns (Original Post) BernieforPres2016 Apr 2016 OP
i believe mooseprime Apr 2016 #1
You did realize that the letter ... 1StrongBlackMan Apr 2016 #2
Many of us do. It's just some prefer prevention of failure mmonk Apr 2016 #3
Dodd-Frank IS about prevention of failure. 1StrongBlackMan Apr 2016 #4
I don't see how until it contains no bail ins. mmonk Apr 2016 #5
I don't understand what you are getting at? ... 1StrongBlackMan Apr 2016 #7
I will say, however, it is more contained. My problem is mmonk Apr 2016 #6
We have a corrupt system where politicians our bought off to do the corporate bidding, not Skwmom Apr 2016 #8
This message was self-deleted by its author tammywammy Apr 2016 #9
Kick tammywammy Apr 2016 #10
 

1StrongBlackMan

(31,849 posts)
2. You did realize that the letter ...
Fri Apr 29, 2016, 02:47 PM
Apr 2016

is Dodd-Frank financial reform at work, right.

Dodd-Frank has a prescribed "next step" should the deficiency not be addressed.

mmonk

(52,589 posts)
3. Many of us do. It's just some prefer prevention of failure
Fri Apr 29, 2016, 03:37 PM
Apr 2016

instead of a plan what to do when they fail next time.

mmonk

(52,589 posts)
5. I don't see how until it contains no bail ins.
Fri Apr 29, 2016, 03:43 PM
Apr 2016

It's just a bail out prevention but still leaves some victims in the public.

 

1StrongBlackMan

(31,849 posts)
7. I don't understand what you are getting at? ...
Fri Apr 29, 2016, 03:56 PM
Apr 2016

It's purpose, among others, is to prevent bank failures ... If this happens, than there is no need for a bank bailout.

mmonk

(52,589 posts)
6. I will say, however, it is more contained. My problem is
Fri Apr 29, 2016, 03:51 PM
Apr 2016

I some assets still in one of those that didn't pass. I only do due to mergers which never seems to stop. But I'm nervous.

Skwmom

(12,685 posts)
8. We have a corrupt system where politicians our bought off to do the corporate bidding, not
Fri Apr 29, 2016, 04:00 PM
Apr 2016

understanding by doing so that they will blow up the whole damn system. That is what happens when you are blinded by greed.

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