“Currently, I see a Storm coming, maybe Bigger than 2008-2010.” ~Stanley Druckenmiller, Legendary Hedge Fund Manager, Bloomberg, 03/01/2013
by Deepcaster, Gold Seek:
Likely one Major Cause of the coming “Bigger” Storm is revealed in the following exchange.
“Jamie Dimon, the chief executive officer of JPMorgan Chase & Co, said banks are accumulating more capital than they need as regulators push lenders to build equity.
“’I don’t think it’s just JPMorgan,’ Dimon said yesterday at a conference discussing the New York-based company, which disclosed plans to eliminate as many as 19,000 jobs. ’I think all banks will have too much capital in two and a half years. And they’re not going to know what to do with it.’