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Post# of 749756
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Jestiron

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Jestiron

Re: None

Tuesday, 01/12/2010 6:43:34 PM

Tuesday, January 12, 2010 6:43:34 PM

Post# of 749756
PLEASE read this link before the JPM hearing tomorrow...
I went to the local laundromat several months ago and chanced upon a stunning article in the the June 1, 2009 Issue of "The New Yorker". (OUTSMARTED: High finance vs. human nature. by John Lanchester) which I have linked below.

The article explains how JPM has been directly involved in worldwide economic meltdown and subsequent destruction in the value of the US dollar by creating the now-well known devices which allowed them to eliminate risk from their spreadsheets while, at the same time, making money from these devices. A MUST READ IMO!!!

Here is the link:
http://www.newyorker.com/arts/critics/books/2009/06/01/090601crbo_books_lanchester

AJestir

NOTE: Do not make investment decisions based on the information provided in my posts; past, present, or future.

LONG Positions: CLVLY - GELYF - PTN - WAMUQ - WAMPQ

As Always: "Trust But Verify" -Ronald Reagan

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