Analyst Argues JP Morgan Chase Might Need More Money Than Citigroup

Silicon Alley Insider:

Market fear reached such a high last week that JP Morgan CEO Jamie Dimon found he could not get on a plane to Saudi Arabia without arousing suspicions that he was attempting to raise money from oil rich Middle Easterners. As it turned out, he had gone to the grand opening of a new JP Morgan office in Riyadh. Many market watchers, however, jumped to the conclusion that JP Morgan could be in need of more capital.

Then again, just because you are paranoid doesn't mean they aren't out to get you. Yesterday we found an analyst report arguing that JP Morgan might need even more new capital than Citi. Could we be headed for another huge rescue?

Read the whole story: Silicon Alley Insider

Comments

[crazylikeafox]

Yeah, it's all the electricity they use in their signs.

Chase, turn off the lights and night or don't come asking for taxpayer money.

Oh wait, I'm too late they already got 20 billion.

[marijam]

A word or two in defense of JP Morgan Chase. We've had a Chase credit card for years and have never had any issues with Chase in regards to our account there. They have provided us with great service.

[Justinpassing]

People this is overt fraud!....... We've seen total abandonment of all regulatory statutes and agencies. Congress not unlike the President past and future has no clue about derivatives or their consequences and so out of 'ignorance about the issue' has AGAIN abdicated their oversight responsibility......deferring to Paulson the Wall Street Banker........ And every time they are given another multibillion concession.....we Middle Class American TAX-PAYERS get another SHAFT.....

[Hawka]

Oh geez, this is just trying to scare more money away now, who the hell wrote this article anyway? Chase is fine for the most part, my sisters boyfriend works there, and I have my own account as well.

[ObjectiveRealist]

If it's too big to be allowed to fail, it's big enough to be trust-busted.

[Wiredwilly]

To hell with J.P. Morgan .

[OlderBudWeiser]

And they can take Bank of America with them!

[DS3M]

Yeah, he and his ilk precipitated the first great depression.

[sunrnr]

mikeruppert.blogspot.com

namaste

[daffodil-11]

I agree with Ruppert: "The economy is finished."

[lilkitty]

sheesh, all these bailouts is making my head spin....I cannot understand why these CEO's can retain their high end salaries while we are getting laid off....where is the fairness here? when are the bailouts coming for the middle class? this is getting pretty darn scary

How are we going to get the economy back up when Millions of people are getting laid off and now have no jobs? Just seems like they are bailing out the wrong people....I guess we're suppose to wait for the trickle down effect...

we are so watching the great American heist unfold right before us!

[bluguy8]

Let them go out of Business..enough already . Bail me out, what the hell bail out everyone in the world that has a mortgage

[junebug08]

For crying out loud!!! I live in Seattle, and after getting laid-off in July getting by working a temp job as there seems to be no permanent work to be found, my bank (wamu) has to get bought out by JP, who now may need help as well? Just shoot me already!

[marijam]

It defies comprehension why this government would allow JP Morgan Chase to buy out Washington Mutual - doesn't anybody ever check anyone's assets for any reason any more?

[montemalone]

What did they do with all the WaMu deposits they were given?

[KillTheMessenger]

They are collecting the monthly payments.

[FogBelter]

Every Bank that has been playing with Credit Default Swaps, CDOs, CLOs, CBOs and CMOs is locked into the collapsing world pyramid scheme. So why wouldn't the other banks, including JP Morgan Chase, have more exposure issues yet to be revealed?

This scam was the way to make huge profits which banks would opt out?

[Plank]

When it rains it pours. As a taxpayer, I would like to see their balance sheet and the business plan. The standard we're imposing on the auto industry should be applied to the finance sector. No more free lunches.

[kdublya]

When Rome is burning...

[KillTheMessenger]

At least you could smell the fire. Here we are deconstructing the financial foundations of this country in an orderly fashion until one day we will wake up and there will be nothing left.

[sunrnr]

Are we living in a huge game of Monopoly here? JP Morgan, the last giant left .....

I guess all the big players want their share of the now dry well. Sorry Lehman Brothers ... sorry Big 3, sorry all you little people out there with no financial future.

Thanks. See ya in the new world order ......

None of this is about "saving the economy", never has been. Check out the invaluable background material on how we got here, why and where it's inevitably headed at www.fromthewilderness.com or read "Crossing the Rubicon - The Decline of the American Empire at the End of the Age of Oil". Both by mike ruppert. and other couragious researchers.

namaste