Replies to post #1717 on Got Parlay?

[John Gyver]

If we get a share swap I pray that JPMC does not fail... at least for the first year. Once I let my shares mature and fluff up I will pull every stinking cent out of JPMC stock! They can fail after that! LOL

I really do not think that JPMC will pay us in cash.... especially at the PPS levels that some think it will be at. So that means a paper swap.... we would want the company to be healthy... at least to we cash out.

[Bizreader]

Hello Oilstrike,
I'm not qualified to prognosticate accurately about parallels between JPM Chase and Enron.

You may have to pay a consultant lots of money to accurately answer your questions on this.

I will say that JPM Chase will not go down, become insolvent or in some way be a target of FDIC seizure before a major earthquake, literally, hits the East Coast. Why do I say that?

Because the people who are involved are die-hard, workaholics who will never give up the ship. They are not quitters. They esteem themselves as the best kind of winner; very rich winners with everything to loose and nothing to gain by admitting defeat.

Banking is not an "honest business", as most people think of honest business; a product or service delivered for a fair price. Banks and bankers know they have "rights" to do things with depositors money that depositors have no say in. That is where the rub is. The personal integrity, or lack thereof, in the manager/decision maker rules the money flow.

Anyway, nothing is impossible and if enough people want to change something/anything that change is inevitable. Everything we humans see aside from the rocks and oceans themselves, figuratively speaking, are of our making. We can unmake JPM Chase if we so choose. But, I don't believe there are enough people with enough determination and focus to do so.

Congress does have a financial reform bill coming through. It may protect the small fry if it is effectively administered.

eom

[Rick-UK]

Interesting article: http://www.benzinga.com/165966/and-the-world%E2%80%99s-largest-hedge-fund-is%E2%80%A6

Market Folly recently released this list of the world’s largest hedge funds and I just couldn’t help but laugh at the list. Unfortunately, it really shouldn’t be a laughing matter, but one of grave concern. Among the top hedge funds are several TARP recipients and bailout beneficiaries. Of course, the firms that received these generous donations are not actually hedge funds at all. No, they are “bank holding companies” that have been declared “too big to fail” (you know who you are). In other words, they have been declared vitally important components of the United States economy. So important that they cannot fail under any circumstance.

AND THE WORLDS LARGEST HEDGE FUND IS....



That is fine with me I guess. If we want to designate certain firms as “too big to fail” or in JP Morgan’s case, “too BIGGER to fail” following the Fed’s crafty merger with Washington Mutual and Bear Stearns, then maybe these important banks should not be allowed to fail. Perhaps they truly are too important in greasing the U.S. economic engine that they should not fail. But if this is the non-capitalist route we should so choose to take then let me pose a bigger and far more important question (excuse me while I bold this and capitalize it so you can pretend I am screaming this at Congress):

IF A COMPANY IS SO LARGE AND SO VITALLY IMPORTANT TO THE UNITED STATES ECONOMY THAT IT CANNOT BE ALLOWED TO FAIL THEN WHY DO WE ALLOW THESE COMPANIES TO EFFECTIVELY GAMBLE WITH THEIR CASH HOARDS?