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ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 8:30:21 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		http://halturnershow.blogspot.com/2009/01/urgent-jp-morgan-said-bankrupt-within.html

If anything it should be interesting.  Keep in mind they fought with B and A...and no one is privy to where the TARP funds went.

hmmm
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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 10:22:37 AM   
UncleNasty


Posts: 1108
Joined: 3/20/2004
Status: offline 		It wouldn't surprise me were this to happen. But that ain't evidence.

Uncle Nasty (still on the mend)

(in reply to pahunkboy)
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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 11:09:17 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		thats true. 

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 11:15:49 AM   
slaveboyforyou


Posts: 3607
Joined: 1/6/2005
From: Arkansas, U.S.A.
Status: offline 		Hal Turner says lots of things, including that we should round up and kill all the Jews.  I wouldn't believe him if he said the sky was blue.  He's a loony. 

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 11:28:41 AM   
SavageFaerie


Posts: 4377
Joined: 12/3/2004
From: NYC
Status: offline 		Well fudge I just closed wamu and went with Chase. I have to have a checking account for my ssdi direct deposit.

I so hope this isnt true.

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 12:04:13 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: slaveboyforyou

Hal Turner says lots of things, including that we should round up and kill all the Jews.  I wouldn't believe him if he said the sky was blue.  He's a loony. 


I never heard him speak,  tho I seen a similar post on another forum.   I don't go for  any piece that condones killing others.  I am sorry for ...not considering his hatred.   ( I did not know )

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 12:07:21 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: SavageFaerie

Well fudge I just closed wamu and went with Chase. I have to have a checking account for my ssdi direct deposit.

I so hope this isnt true.


if it is true- things get ugly real fast.  I am in no hurry for that. We have enough trouble.  the deposits are insured by the FDIC.  BTW a "bank holiday" doesnt mean a Sunday.  It means checks ATMs dont work.  WHen one bank went under another would not take its cashier checks. Now it does, BUT there is an 8 week hold on them.  so if one is say closing on a real estate deal, it can be awfully inconvenient...

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 2:26:05 PM   
OrionTheWolf


Posts: 7803
Joined: 10/11/2006
Status: offline 		~FR~

So no reputable news source on this huh? Glad my oldest and largest client (JP Morgan) paid their most recent bill, and always has.

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 2:53:43 PM   
TheUtopian


Posts: 259
Status: offline
quote:

ORIGINAL: pahunkboy

http://halturnershow.blogspot.com/2009/01/urgent-jp-morgan-said-bankrupt-within.html

If anything it should be interesting.  Keep in mind they fought with B and A...and no one is privy to where the TARP funds went.

hmmm



Whether it is 48hrs from now or 18 months, there is little doubt in my mind that JP-Morgan will eventually collapse.

It is numero uno as far as its entrenchment regards the derivatives debacle. The Federal Reserve can't print enough money to save it....

http://www.zealllc.com/2001/monster.htm

This article was posted here by me as early as late 2005, when I originally posted on the onrushing derivatives crisis.






- R




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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/5/2009 2:55:36 PM   
Vendaval


Posts: 10297
Joined: 1/15/2005
Status: offline 		"And another one bites the dust..."  

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So in this gray haze we'll be meating again, and on that
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http://KinkMeet.co.uk

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/6/2009 1:19:04 AM   
NeedToUseYou


Posts: 2297
Joined: 12/24/2005
From: None of your business
Status: offline 		I'm as cynical as the next guy, and I'd be very very very very very very very surprised if it happened. If or when any of the few super huge banks go bust, run to the store max that credit card on real shit immediately and call for a credit line increase, while Wal-Mart is dumb enough to take the soon to be largely valueless paper, because that is the end of value in this currency. It would be a real domino effect, as in no one could trust any bank no matter the size, and a run on all banks would occur regardless of what the government said creating a complete and total freeze in the financial markets. It'd be stupid to leave real money in them at that point. IMO

It's simply not going to happen right now either, because before that happened the Fed, will steal many more trillions propping it up, they have a lot more to steal before the chosen few fail.

Anyway, that blog is bullshit. IMO.

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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/6/2009 3:17:16 AM   
corysub


Posts: 1492
Joined: 1/1/2004
Status: offline 		Spreading "false rumors" about financial stocks is a federal offense that is finally being pursued by the S.E.C. 
It's the type of false, fear generating blogs that sometimes do incite fears and runs on institutions.  No matter if a story turns out to be true, before I spread any more of this type of garbage I would be really sure of my "facts"and not implicate myself in any unlawful activity.  Just my opinion....but you might want to take a gander at the following article:

           http://www.complianceweek.com/article/4384/omg-will-sec-s-rumor-crackdown-actually-work-

(in reply to pahunkboy)
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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/6/2009 4:49:00 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		....seen this reply on a diff board,

losses would go to a holding co.   in this investment climate... a viral email saying ABC bank is bankrupt- could start a run on the bank.  so maybe that is the intent of hal turner.

btw-  our 1 homeless shelter will have to close... it lost its funds per madoff

(in reply to NeedToUseYou)
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RE: ROMOUR, JP Morgan bankrupt 48 hours - 1/6/2009 9:01:44 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Gosh this dude sure is a pessimist!!!!   here is a snipet of what he claims the dollar is doing...




http://halturnershow.blogspot.com/
They thought that as long as they pumped trillions of dollars into the economy, it would keep running. What they've just collided with -- and what I have been screaming about for at least two years -- is that when they print money, it devalues the rest of the existing money.

We have now -- right now, today -- arrived at the point where the more money they put into the economy, the worse off we're going to be!!! Their printing of money is now having the exact opposite effect of what they hoped. Instead of helping the economy, the cash they are injecting is putting a massive drag on the economy through the devaluation of the rest of our money.

If this continues, if the federal reserve and the Treasury keep injecting new cash into the markets and into the economy, the US dollar absolutely, positively, WILL COLLAPSE within 6 Months from today. /snip





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