Friday, November 10, 2017 10:43:21 AM
back then and the only recourse they came up with was this."
Yes sir there was imho and it was called a GLOBAL FINANCIAL MELT DOWN!!!!!!!!!!!!!!!!!!!!!!
JPMC as per the OTS/FDICK were in a WORSE financial TIER level rating than was WAMU!!!!!!!!!!!!!!!!!!!!!!!!!!
JPMC under those circumstances should never have even been allowed to BID ON WAMU in their current financial condition at the time, WHY were they???????????
JPMC had at the time 76 TRILLION in derivatives outstanding, to keep that number in perspective the """GLOBAL ANNUAL ECONOMY" was 68 TRILL at the time...................
So you have one financial entity that if it failed would have TANKED the GLOBAL FINANCIAL INDUSTRY
Then you couple that with JPMC's other scams and it gets even worser.
SLV their silver ETF or whatever it is, had 47 1 oz. paper contracts written for every 1 oz they actually held against the 47 they had written.
If JPMC was to fail all would have called for Physical control of their silver, further EXPOSING the scams that WALL STREET and BANKS have been perpetrating on the public for years on.
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