As time passes, corporate earnings season comes to an end, Facebooks much anticipated IPO has come and gone in a dissapointing manner for buyers of the stock, and much more trouble coming out of the Eurozone, the proverbial “pandora’s box”, opened by Jaime Dimon not long ago is now starting to unleash the real demons it has been holding.
So it seems that JP Morgan has been increasing their investment level in the European version of what most believe caused the US market crash in 08, mbs’s….(mortgage backed securities). Since the US version was sucked dry of all the profits possible and almost took down the financial system, it seems the firm made so much money they wanted to do it again…this time with European MBS’s….
This information has not yet hit the media as far as we know, but we are getting wind that at least $100 billion of JP Morgan’s money is exposed to a risky investment we conclude to be Europes MBS’s…please do your due diligence on this subject until the main stream media picks it up, but they may not wish to report on it in fear of the reaction.
With the carfree nature of Dimons attitude towards it all, and his apparent lack of concern for JP Morgans regulatory immunity being put at risk, maybe, just maybe he has a hint of a heart, and decided to put a pseudo warning out to the public about what’s coming….
This loss has justified any moves being made to off set the mistake and bring back any profits possible, even a sale of all the silver shorts they control… silver did drop to $26.58 last week. Congratulations to the silver investors that caught that gift and capitalized.
Will this be deja vu all over again, this time caused by the Euro zone????
Keep an eye on metals this week, as European headlines will dominate the media outlets of the world.
It appears that bloomberg has picked up some of the facts related to JPM’s risky investments, read the article below.