|
||||||
    |
REITS trigger FED warning as American Capital buys $100 billion of mortgages REITs bought more than $100 billion of government-backed mortgage securities in 2012, the most since at least the credit crisis, and will purchase another $60 billion in 2013, JPMorgan Chase & Co. estimated this month. Fed Governor Jeremy Stein pointed to the expansion of mortgage REITs, which have amassed almost $400 billion of the debt, during a speech last [...] Wall-Street Craziness Is Back Concocting “synthetic” securities once again. The craziness on Wall Street, the reckless for-the-moment-only behavior that led to the Financial Crisis, is back. This time it’s Citigroup that is once again concocting “synthetic” securities, like those that had wreaked havoc five years ago. And once again, it’s using them to shuffle off risks through the filters of Wall Street to people who might never know. What bubbled to the surface is that [...] BE afraid. That’s the takeaway for both investors and taxpayers in the 307-page Senate report detailing last year’s $6.2 billion trading fiasco at JPMorgan Chase. The financial system, thanks to dissembling traders and bumbling regulators, is at greater risk than you know. After bailing out the nation’s banking system in 2008, taxpayers and investors have been assured that such a crisis will not happen again. The Dodd-Frank legislation was supposed to make [...]  from Michael A. Gayed: The decline in the S&P 500 and worldwide equities has been unrelenting so far this month, as the corrective risks I highlighted Oct. 1 and in every single writing since then have abruptly ended the reflation trade post QE3. On Nov. 5 I began pounding the table to ” forget the elections ” on the stark warning price was signaling through the return of [...] Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, cut its holdings of Italian sovereign debt by 92 percent in the second quarter after boosting them in the first three months of the year. “Market exposure” to Italian government bonds fell to $191 million at the end of June from $2.51 billion at the end of March, the New York-based firm said in a quarterly regulatory filing today. Goldman Sachs also increased [...] ALL GOV Raising the specter of Enron’s intrusion into the California energy market a decade ago, the Federal Energy Regulatory Commission (FERC) is investigating allegations that JPMorgan Chase & Co. manipulated the state’s market in 2010-2011 for millions of dollars in windfall profits. Papers filed in federal court said the bank’s bidding practices may have inflated electricity costs by more than $57 million, but that just covers a six-month period. Some estimates put the cost [...] JP Morgan Trading Loss May Reach $9 Billion “Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation. When Jamie Dimon, the bank’s chief executive, announced in May that the bank had lost $2 billion in a bet on credit derivatives, he estimated that losses could double within the [...] From Bloomberg: The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots. What the risk committee of the biggest U.S. lender lacks, and what the five next largest competitors have, are directors who worked at [...] Bloomberg JPMorgan Chase & Co. (JPM) may face even bigger losses on faulty bets in credit markets if Europe’s debt crisis worsens, according to one of the hedge funds that took the other side of the trades. “They’re not out of those positions,” Michael Platt, co- founder and chief executive officer of BlueCrest Capital Management LLP, said today in an interview on Bloomberg Television’s “Inside Track.” “If we end up with a catastrophe in [...] Source: AOL Daily Finance One of the biggest risks to the world’s financial health is the $1.2 quadrillion derivatives market. It’s complex, it’s unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy. But traders rule the roost — and as much as risk managers and regulators might want to limit that risk, they lack the power or [...] Published on May 18, 2012 by CapitalAccount Follow us @ All eyes seemed to be on Facebook’s IPO today. But we look at some of these hyped up social media and gaming companies that have gone public and ask if they can get away with some choose-your-own-adventure accounting methods to boost profits. And back in March, our futures veteran Mark Melin told us MF Global was worth more to some entities dead than alive. [...] From FT:
The unit at the centre of JPMorgan Chase’s $2bn trading loss has built up positions totalling more than $100bn in asset-backed securities and structured products – the complex, risky bonds at the centre of the financial crisis in 2008. These holdings are in addition to those in credit derivatives which led to the losses and have mired the bank in regulatory investigations and criticism. The unit, the chief investment office (CIO), has been the [...] From FT:
The unit at the centre of JPMorgan Chase’s $2bn trading loss has built up positions totalling more than $100bn in asset-backed securities and structured products – the complex, risky bonds at the centre of the financial crisis in 2008. These holdings are in addition to those in credit derivatives which led to the losses and have mired the bank in regulatory investigations and criticism. … “I can’t see how they could unwind these positions because [...] Kurt Nimmo Now that Obama’s financial disclosure forms show that he has a “JPMorgan Chase Private Client Asset Management” checking account with a million bucks in it, maybe a few of the star-struck lefties will look for a fearless leader who isn’t connected to Wall Street. I said maybe. Jamie Dimon, JP Morgan Chase CEO, CFR and Trilateral Commission member, New York Federal Reserve director and all around smart guy, according to Obama. Obama [...] Earlier we were complaining that the newsflow was on its way to getting full-retard surreal. It just crossed that line. From NBC: “NY FBI Opens Inquiry into JPMorgan Chase Loss The FBI in New York has opened an inquiry into JP Morgan Chase’s $2 billion loss, NBC 4 New York has learned. People familiar with the matter tell NBC 4 New York that the inquiry is not a criminal investigation. The FBI is taking a [...] In the five years that John Silvetz made about $700 million for Deutsche Bank AG (DBK) by trading corporate bonds and credit derivatives, the amount of his annual bonus paid in cash dropped to 20 percent from almost 70 percent. The rest, earned by betting on companies from American International Group Inc. to MBIA Inc., was locked up in deferred stock and euros, according to people familiar with the matter, who declined to [...] jessescrossroadscafe.blogspot.com A secretive JPM Trader in London, alternatively known as ‘the London Whale’ or ‘Voldemort,’ is distorting the credit derivatives markets with massive positions, and a willingness to move them advantageously in the markets. It is a classic case of gambling with other people’s money, in this case the excess capital provided by the Fed and the Treasury. I am sure they are all legitimate hedging positions as Blythe Masters just asserted [...] From etfdailynews: Dominique de Kevelioc de Bailleul: On Friday, it’s now official: Greece defaults. Zerohedge called the event: The biggest debt writedown in human history. Strangely, or not, there was no press conference by the ECB, no bold-letter headlines about the event. Nothing. There was nothing but an innocuous statement issued by the International Swaps & Derivatives Association (ISDA) on Friday, which reads: Get my next ALERT 100% FREE The Determinations Committee determined that [...] Charles Hugh Smith
1. Greece is poised to default, the end-game everyone anticipated in 2011. It is not a matter of if but when. 2. That default will trigger credit-default swap contracts, derivatives known as CDS that protect the owner from events such as default. 3. This will implode the shadow-banking system and the visible banking system…
http://www.oftwominds.com/blogfeb12/default-dominoes02-12.html Umm… The Fed was conceived in 1913… Besides the funding (of both sides) of WWI & the Bolshevik Revolution… The Great Crash (on Wall Street happened in October 1929 ~ though insiders were advised to get out as early as February that year)… That’s 14 years… - a decade later the World was at War (funded by bankers on both sides) - fifteen years after that war was concluded, the war in Vietnam began the [...] Private equity leveraged buyouts (P.E. LBOs) typically put up 10% of their own collateral (although Romney would sometimes only put up 5% to 6%) with the remaining 90% from bank loans taken out against the buyout target company. This loads the company with extreme amounts of debt, which greatly reduces their taxes due to the greater tax deductibility from debt interest payments. (Equity dividends are always taxed higher than debt [...] Sunday, January 15, 2012 With the S&P Massively Downgrading The Eurozone Nations Friday, The Doc interviewed Jim Willie of Goldenjackass.Comtoday regarding his thoughts on the Euro crisis and the implications to gold and silver. Timing questions are the hardest- definitely the hardest. I don’t know, it could be [...] Uploaded by RussiaToday on Dec 29, 2011 This week Max Keiser and co-host, Stacy Herbert, present London brokers shrinking, boycotting JP Morgan, boycotting the financial system and command and control credit derivatives. In the second half of the show, Max talks to JS Kim of SmartknowledgeU about the MF Global fraud and gold and silver. KR on FB: Http://Www.Facebook.Com/KeiserReport ”I forgot the exact number” Dimon said JPMorgan Has About $100 Billion of Notional GIIPS Derivatives Dec. 7 (Bloomberg) — JPMorgan Chase & Co., the biggest derivatives dealer among U.S. banks, has bought and sold notional credit derivatives on about $100 billion of sovereign and non-sovereign debt in the five troubled European nations, Chief Executive Officer Jamie Dimon said today. The bank [...] |
Custom Search
|
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
||||||
