JP Morgan May Take Over Bank Of America

[Denny]

I find it speculative at best as far as the JPM thing goes.

As for the ex ML analyst who was banned forever from the securities business for pumping dot com companies, he is just taking the worst numbers he can dream up and putting them in a story. One great example of that is the amount of loans in commercial real estate, he said they have $182 billion, they have $44 billion. I don't think PWC would let that slide unless they want to go the way of Arthur Andersen.

These days, we can't really trust anything, can we? Shit, even our regulators (like the SEC) show blatant favoritism and just about every one of the big company reports are skewed.

And since when is anything more influential than speculation these days?

[slow99]

These days, we can't really trust anything, can we? Shit, even our regulators (like the SEC) show blatant favoritism and just about every one of the big company reports are skewed.

And since when is anything more influential than speculation these days?

You can't but we all know that! Hmm I wonder how somebody could get their hands on that Jefferies b of a note all the message boards are talking about.

[Denny]

You can't but we all know that! Hmm I wonder how somebody could get their hands on that Jefferies b of a note all the message boards are talking about.

Sidenote: I sent you some questions on that ppt the other day

[Broncojohnny]

These days, we can't really trust anything, can we? Shit, even our regulators (like the SEC) show blatant favoritism and just about every one of the big company reports are skewed.

And since when is anything more influential than speculation these days?

Meh. There are plenty of companies with honest reports. Not everyone is a crook. If you think they are then you shouldn't be investing in anything because they'll fuck you on gold and silver just like anything else.

I have a problem with people who have an ulterior motive for their bullshit. It is one thing to say that you think BAC's balance sheet is suspect and lay out reasons for that. It is another thing completely to just make shit up out of thin air and publish a blog story to smear a company. This guy is doing the latter. I'm sure he holds a short position in BAC and I'm positive he hates ML because he used to work there and they shitcanned his lying ass. So the bottom line is who has more credibility? PWC or the guy who got banned for life from the securities business because he was pumping dot coms? Out of those two choices I'll take PWC all day, every day from here to the end of time.

I also have a problem with zerohedge.com and their doom and gloom bullshit stories, right beside ads for gold and silver sellers. Hmmm, I wonder what is going on there? If you don't trust anyone why would you trust that bullshit?

[Broncojohnny]

You can't but we all know that! Hmm I wonder how somebody could get their hands on that Jefferies b of a note all the message boards are talking about.

i don't know but if it ends up in my possession I would find it interesting...

[Denny]

Meh. There are plenty of companies with honest reports. Not everyone is a crook. If you think they are then you shouldn't be investing in anything because they'll fuck you on gold and silver just like anything else.

I have a problem with people who have an ulterior motive for their bullshit. It is one thing to say that you think BAC's balance sheet is suspect and lay out reasons for that. It is another thing completely to just make shit up out of thin air and publish a blog story to smear a company. This guy is doing the latter. I'm sure he holds a short position in BAC and I'm positive he hates ML because he used to work there and they shitcanned his lying ass. So the bottom line is who has more credibility? PWC or the guy who got banned for life from the securities business because he was pumping dot coms? Out of those two choices I'll take PWC all day, every day from here to the end of time.

I also have a problem with zerohedge.com and their doom and gloom bullshit stories, right beside ads for gold and silver sellers. Hmmm, I wonder what is going on there? If you don't trust anyone why would you trust that bullshit?

I don't trust anything. Period. I just use the PMs to preserve my wealth. Most of the hogwash (from all sides) is more or less entertainment since there is nothing I can do about it anyway. My only conclusion is that all of this (as we know it) is about to come to a screeching halt and I just want to have my piece of secluded earth away from it all.

[BP]

Dammit! I refinanced my mortgage to get away from those assholes. So basically by the time Obama is done we'll have Chase and Capital One?

[Denny]

More like Fannie or Freddie LMAO

[Geor!]

I hope your job is safe J. I know how these things can get.

[mstng86]

I hope your job is safe J. I know how these things can get.

It is just unsettling. The boss came out and told us Friday he spoke with his managers manager and everything was good for my area.


This speculation and then him even having to have that conversation is two strikes.

[Denny]

It is just unsettling. The boss came out and told us Friday he spoke with his managers manager and everything was good for my area.


This speculation and then him even having to have that conversation is two strikes.

Have they passed out this book yet?

[mstng86]

Have they passed out this book yet?

haha, beer would probably help me cope more.

[Broncojohnny]

I don't trust anything. Period. I just use the PMs to preserve my wealth. Most of the hogwash (from all sides) is more or less entertainment since there is nothing I can do about it anyway. My only conclusion is that all of this (as we know it) is about to come to a screeching halt and I just want to have my piece of secluded earth away from it all.

You are right about the screeching halt but I don't think it is going to be in the way you imagined.

Remember when JP Morgan had that massive silver position and everyone was going to make them go under if they could just buy enough silver? I wonder which genius at JP Morgan came up with that one?

I just hope you dump it all before they do because it is going to be fucking ugly when they decide to pull the plug. Just as ugly as it has been for any stock when the propaganda machine gets rolling.

[Broncojohnny]

Have they passed out this book yet?

At least it isn't "Good to Great" where half the companies featured are now bankrupt.

[Denny]

You are right about the screeching halt but I don't think it is going to be in the way you imagined.

Remember when JP Morgan had that massive silver position and everyone was going to make them go under if they could just buy enough silver? I wonder which genius at JP Morgan came up with that one?

I just hope you dump it all before they do because it is going to be fucking ugly when they decide to pull the plug. Just as ugly as it has been for any stock when the propaganda machine gets rolling.

They still have it.
All investors have to do is take possession on OE, but they're given some heavy cash premiums not to (just another story we can choose to believe or not).

We're already looking into moving enough of it to pay cash for a good size hunk of ag land with a nice house. It satill won't affect my core position either. I also hold cash and have invested in several other things that will insure that whatever happens, the damage (to my family's well-being) is as minimal as possible. If I'm wrong, we're better off no matter what.