JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ - Page 4 - TigerDroppings.com

Posted byMessage
90proofprofessional
LSU Fan
Member since Mar 2004
8959 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


ok, so again, what if manufacturers want to take more risks than they can bear, but not more than "these banks" can? still no place in the market?





Back to top
Ton Chou
LSU Fan
On the Levee
Member since Feb 2010
349 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


Hitting the sack. Would love to carry on the discussion later. I would really like to get down to what commodity prices would look like without these banks involvement. One of the closest things I can come up with is crawfish. Early in the season, prices are high and most people in LA stay away from them knowing that the price will come down. In the meantime, the crawfish are shipped all over the world to consumers willing to pay that price. Everybody wins. Crawfish aren't traded on the market. To me, this is one of the purest forms of free market capitalism. If the crawfish farmers can't profit on the going price, they don't fish and prices rise to the point of getting them back in the fields. If the price is to high, consumers will show some slack in demand and prices fall. If prices don't fall due to a low supply of crawfish, people find alternatives like shrimp or something else entirely.





Back to top
  Replies (0)
ironsides
LSU Fan
Nashville, TN
Member since May 2006
6051 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


Haven't read the entire thread but a) huge difference when you hold deposits and gamble as a hedge fund at the same time.

B) of course Dimon wants more regulation - he doesn't understand it obviously or he would have regulated internally and found the London whale.

C) most crooks don't want the cops around






Back to top
  Replies (0)
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81196 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


quote:

If Goldman goes down, they all go down.
Explain why? I don't think you can articulate anything near a reasonable explanation.

Go back to HP and glue motherboards together.....






Back to top
  Replies (0)
ScoopAndScore
baton rouge
Member since Oct 2008
7768 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


quote:

Yet, he and all the other bankers would be on the street had WE not bailed them out.

Seriously, you can't really believe this.






Back to top
  Replies (0)
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81196 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


quote:

A majority of these investment banks income comes from commodity trading
Factually incorrect if you're trying to claim that about JPM.

If commodity trading is so lucrative why don't you start up a company and do it? You make it sound easy and riskless so put your money where your mouth is.






Back to top
  Replies (0)
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81196 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


quote:

Then why can't orange farmers for instance, join together, work with manufacturers who use oranges to determine needs, and collective agree to prices that allow the orange farmers to profit.

THEY ALREADY DO THAT!!!!






Back to top
  Replies (0)
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81196 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


quote:

I would rather see manufacturers who have the means temporarily absorb this risk cut these banks out.

And why do you think manufacturers don't do that?

Answer: They already do just what you would "rather see." How old are you again?






Back to top
  Replies (0)
Roaad
LSU Fan
Bushrod Owns
Member since Aug 2006
52338 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


quote:

“It was a free F**king. Country.”
fify






Back to top
Big12fan
Texas Fan
Dallas
Member since Nov 2011
1755 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


Let's face it. The top 6 banks own assets worth over 60% of GDP. That has grown from 17% in 1994. They really are too big to fail and if any one of those craters, it will be like Lehman Bros again or worse. They don't need to be regulated - they need to be busted up.

quote:

Here are the top six and their total assets:

1. Bank of America Corp., $2.264 trillion
2. J.P. Morgan Chase & Co., $2.246 trillion
3. Citigroup Inc., $1.957 trillion
4. Wells Fargo & Co., $1.260 trillion
5. Goldman Sachs Group Inc., $937 billion
6. Morgan Stanley, $831 billion

Together, the top six companies’ assets were $9.495 trillion.

For the second part of the equation -- gross domestic product -- we turned to the U.S. Commerce Department’s Bureau of Economic Analysis.

Though the time spans don’t line up perfectly, we decided to use the GDP figure for 2010, the most recent full year. That figure is $14.527 trillion.

Dividing these top banks’ assets by the national GDP produces a result of 65 percent -- which is actually a slightly larger percentage than Sanders had indicated, but certainly in the ballpark.


LINK /






Back to top
Jim Rockford
LSU Fan
Member since May 2011
34824 posts

re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’


quote:

They don't need to be regulated - they need to be busted up.


This times infinity. We need another Theodore Roosevelt. Unfortunately, TR would never have risen past the office of NYC Police commissioner in today's political environment.






Back to top
  Replies (0)


Back to top