Goldman & JP Morgan Next To Go - GoFuckYourself.com

Vendot · 09-15-2008, 12:00 PM

According to this Roubini guy, whoever the fuck he is...

http://finance.yahoo.com/tech-ticker...dman%2C-Morgan

Trax · 09-15-2008, 12:05 PM

bullshit
exactly those two are going nowhere.
both ARE making money
GS is down only 19% the past 52 weeks
S&P is down 4% less than that
summing it up
not gonna happen
MS maybe... GS and JPM are here to stay
i would bet everything i own on that

marketsmart · 09-15-2008, 12:07 PM

JP Morgan owns the reserve... they print their own money...

OG LennyT · 09-15-2008, 12:11 PM

lol... that's a joke right?

notime · 09-15-2008, 12:12 PM

Quote:

Originally Posted by marketsmart

JP Morgan owns the reserve... they print their own money...

100% correct

notime · 09-15-2008, 12:17 PM

Quote:

Originally Posted by Vendot

According to this Roubini guy, whoever the fuck he is...

http://finance.yahoo.com/tech-ticker...dman%2C-Morgan

This is the followed link:
http://finance.yahoo.com/tech-ticker...,MER,JPM,BAC,C

Persius · 09-15-2008, 12:18 PM

Quote:

Originally Posted by marketsmart

JP Morgan owns the reserve... they print their own money...

Glad to see someone knew this on gfy =)

https://youtube.com/watch?v=_dmPchuXIXQ (Watch all 5 Parts)

For those interested on the background of the federal reserve and how deep it goes...

pocketkangaroo · 09-15-2008, 12:31 PM

Quote:

Originally Posted by Trax

bullshit
exactly those two are going nowhere.
both ARE making money
GS is down only 19% the past 52 weeks
S&P is down 4% less than that
summing it up
not gonna happen
MS maybe... GS and JPM are here to stay
i would bet everything i own on that

They are all going to go man. None of the major ones can stay afloat without someone buying them out. They are better off selling now instead of doing what Lehman and Bear did and wait till it's too late.

Reports are that Goldman will report over a 70% drop in earnings while JP over 40%. The biggest worry is how much exposure these guys had to Lehman and Merrill.

Trax · 09-15-2008, 12:44 PM

Quote:

Originally Posted by pocketkangaroo

They are all going to go man. None of the major ones can stay afloat without someone buying them out. They are better off selling now instead of doing what Lehman and Bear did and wait till it's too late.

Reports are that Goldman will report over a 70% drop in earnings while JP over 40%. The biggest worry is how much exposure these guys had to Lehman and Merrill.

i am not sure about your background but i have a financial background
i know goldman
GS and JPM are healthy... fuck... even if earnings drop 70%
they are BY NO MEANS comparable to BS or Lehman
look at JPM
they outperformed the SPX by over 10% this year the last time i checked

Trax · 09-15-2008, 12:46 PM

oh and JPM is trading at over 130bn mcap
i dont see another bank buying them out lol

Manowar · 09-15-2008, 01:10 PM

anyone know the deal with Morgan Stanley?

xmas13 · 09-15-2008, 01:19 PM

Who's the GFY rocket scientist "with a financial background" who says that a financial institution with a positive cash flow can't be bought out during hard times?

It has nothing to do with cash flow, you must have gotten your diploma in a chocolate box. Oh wait, you must be one of those ex mortgage brokers who made a quick buck selling loans to disabled Americans, the elderly, individuals suffering from cancer, Hispanics and African Americans all over the country.

Trax · 09-15-2008, 01:35 PM

Quote:

Originally Posted by xmas13

Who's the GFY rocket scientist "with a financial background" who says that a financial institution with a positive cash flow can't be bought out during hard times?

It has nothing to do with cash flow, you must have gotten your diploma in a chocolate box. Oh wait, you must be one of those ex mortgage brokers who made a quick buck selling loans to disabled Americans, the elderly, individuals suffering from cancer, Hispanics and African Americans all over the country.

blah blah blah
JPM is healthy and 130bn big
they are not going to get bought out any time soon you assclown

yys · 09-15-2008, 01:49 PM

Not the only one predicting this.

Quote:

Independent Investment Banks `Won't Exist' CIBC's Nesbitt Says

By Doug Alexander

Sept. 15 (Bloomberg) -- The failure of Lehman Brothers Holdings Inc. shows that investment banks need the backing of a consumer bank to survive, said CIBC World Markets Chief Executive Officer Richard Nesbitt.

``I don't think around the world there's any place for a large investment bank unless they're part of a commercial bank,'' Nesbitt told investors at a conference in Toronto today. ``I don't think they'll exist, except for the very, very tiny investment dealers.''

In the biggest reshaping of the financial industry since the Great Depression, two of Wall Street's most storied firms, Merrill Lynch & Co. and Lehman Brothers, headed toward extinction today. Lehman filed for bankruptcy protection and Merrill Lynch was bought by Bank of America Corp., the largest consumer bank in the U.S.

``It's an actual evolution of the business,'' Nesbitt said. Investment banks will continue to shrink, and focus more on their domestic market, while trying to provide services to their consumer-banking clients, he said.

``There are a number of activities that won't make sense for banks to do anymore,'' said Nesbitt, who heads the investment- banking unit at Canada's No. 5 bank. ``The profit margin is not going to be there unless the pricing goes up or the funding costs come down.''

http://www.bloomberg.com/apps/news?p...U&refer=canada

ADL Colin · 09-15-2008, 01:57 PM

I'd take that bet. JP Morgan will be here in 10 years "as is". Did Roubini really say that specifically about JPM?

DirtyProfits · 09-15-2008, 02:23 PM

JPM is making $70 billion / year.

Dollarmansteve · 09-15-2008, 02:36 PM

the US government goes to JPM when they need help. I think they'll be ok.

Dollarmansteve · 09-15-2008, 02:37 PM

Quote:

Originally Posted by yys

Not the only one predicting this.

JPM isn't an independent investment bank, it is THE investment bank.

L-Pink · 09-15-2008, 02:41 PM

Goldman isn't into the mortgage biz and Sumitomo owns a large block of their stock. I don't see them going anywhere.

RP Fade · 09-15-2008, 02:45 PM

LOL next thing you know Berkshire Hathaway will be rumored to file Chapter 7

Relentless · 09-15-2008, 02:50 PM

Washington Mutual is the next to go under.... and will probably be bought by JPMC

L-Pink · 09-15-2008, 02:53 PM

Quote:

Originally Posted by Vendot

According to this Roubini guy, whoever the fuck he is...

http://finance.yahoo.com/tech-ticker...dman%2C-Morgan

That is the same douche that is trying to start a bank run by telling depositors that the FDIC can't cover every dollar that is deposited in every bank. DUH!

sortie · 09-15-2008, 02:55 PM

Quote:

Originally Posted by notime

This is the followed link:
http://finance.yahoo.com/tech-ticker...,MER,JPM,BAC,C

Based on what's happening now, this guy was correct on June 22.

Maybe he knows something.

GetSCORECash · 09-15-2008, 02:57 PM

Quote:

Originally Posted by Trax

bullshit
exactly those two are going nowhere.
both ARE making money
GS is down only 19% the past 52 weeks
S&P is down 4% less than that
summing it up
not gonna happen
MS maybe... GS and JPM are here to stay
i would bet everything i own on that

Very True!

GS is a safe bet. Just can't figure out when it will be the right moment to buy more stock.

GetSCORECash · 09-15-2008, 02:59 PM

Quote:

Originally Posted by RP Fade

LOL next thing you know Berkshire Hathaway will be rumored to file Chapter 7

Shit! Then it's over. Geico going under?!

Trax · 09-15-2008, 03:00 PM

Quote:

Originally Posted by SCORE-Cash

Very True!

GS is a safe bet. Just can't figure out when it will be the right moment to buy more stock.

next earnings report is not too far away
those numbers are going to be very important
might want to buy a few days before the release
that is... if you are confident into what is being delivered ;)

yys · 09-15-2008, 03:09 PM

Quote:

Originally Posted by Dollarmansteve

JPM isn't an independent investment bank, it is THE investment bank.

Hey, I wasn't the one talking about JPM and GS.

I actually have a friend who ran one of the profitable business segments at Bear Stearns and now heads up the merged unit at JPM. He doesn't see himself looking for a new job anytime soon and neither do I.

Manowar · 09-15-2008, 03:52 PM

Quote:

Originally Posted by Manowar

anyone know the deal with Morgan Stanley?

bump for this

tenley · 09-15-2008, 04:01 PM

This discussion is silly. JPM and GS are rock solid and are the ones being sought to advance the sale of parts of AIG. Just because profits drop year-on-year doesn't mean that they aren't doing well. Especially when you consider that they are outperforming everyone else. Rest easy; those two are well run. Plus, JPM is pumped by the consumer business of Chase and the best Asset Management in the business. There's no worries there. In fact, the only things that they might have happening is the long-rumored purchase of WaMu.

tenley · 09-15-2008, 04:01 PM

Also, they can't be sold. There aren't companies large enough to buy them.

Marialovesporn · 09-15-2008, 04:03 PM

Quote:

Originally Posted by marketsmart

JP Morgan owns the reserve... they print their own money...

Those bastards own the banking world. They cannot lose.....

StickyGreen · 09-15-2008, 04:28 PM

People still don't know that the Federal Reserve is privately owned? C'mon now guys... get with it...

You should read what many Congressmen and Woodrow Wilson said about the Federal Reserve in 1913...

This coming depression is being orchestrated so the same ol' elite powerful pricks can clean house for pennies on the dollar as usual. This time we might even be in for a new currency.

marketsmart · 09-15-2008, 04:34 PM

Quote:

Originally Posted by StickyGreen

People still don't know that the Federal Reserve is privately owned? C'mon now guys... get with it...

You should read what many Congressmen and Woodrow Wilson said about the Federal Reserve in 1913...

This coming depression is being orchestrated so the same ol' elite powerful pricks can clean house for pennies on the dollar as usual. This time we might even be in for a new currency.

99% of the people have no idea...

Elli · 09-15-2008, 04:40 PM

Anyone with financial background have thoughts on this article:
http://www.alternet.org/workplace/98...f_lehman_bros/

?

I thought it was quite interesting, but would love someone with more insight to comment.

StickyGreen · 09-15-2008, 04:46 PM

Check out what Charles August Lindbergh (father of aviator Charles Lindbergh) had to say about the Federal Reserve while he was a congressman in that time:

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."

"The financial system [...] has been turned over to the Federal Reserve Board. That board administers the finance system by authority of [...] a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."

"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."

And this is only a few quotes from one man. Look into the Federal Reserve Act of 1913 and the people who opposed it and you should start to understand what is going on. Even Wilson himself spoke out about the traitorous Federal Reserve.

sacX · 09-15-2008, 05:50 PM

Quote:

Originally Posted by L-Pink

That is the same douche that is trying to start a bank run by telling depositors that the FDIC can't cover every dollar that is deposited in every bank. DUH!

The FDIC has limited funds, if Washington Mutual goes under then FDIC will basically have no money left. They can go to congress and ask for more money, however whether the insurance would remain as is, up to 100k would be in doubt.

TyroneGoldberg · 09-15-2008, 05:51 PM

"Mr. Speaker, we are here now in chapter 11. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise."

March 17, 1993 Rep. James Traficant, Jr.

GetSCORECash · 09-15-2008, 05:58 PM

Quote:

Originally Posted by Trax

that is... if you are confident into what is being delivered ;)

I'm long on GS. i buy it and sell it for a profit. I leave the profit in, for the future.

09-15-2008, 12:00 PM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Goldman & JP Morgan Next To Go According to this Roubini guy, whoever the fuck he is... http://finance.yahoo.com/tech-ticker...dman%2C-Morgan

09-15-2008, 12:11 PM	#4
OG LennyT Wall Street Pimp Industry Role: Join Date: Jun 2003 Location: Phoenix, AZ Posts: 14,345	lol... that's a joke right? __________________ Tradeking - my online broker \| 4.95 a trade \| make real $$

09-15-2008, 01:19 PM	#12
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Who's the GFY rocket scientist "with a financial background" who says that a financial institution with a positive cash flow can't be bought out during hard times? It has nothing to do with cash flow, you must have gotten your diploma in a chocolate box. Oh wait, you must be one of those ex mortgage brokers who made a quick buck selling loans to disabled Americans, the elderly, individuals suffering from cancer, Hispanics and African Americans all over the country. __________________ ICQ 557504926 Last edited by xmas13; 09-15-2008 at 01:21 PM..

09-15-2008, 01:57 PM	#15
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	I'd take that bet. JP Morgan will be here in 10 years "as is". Did Roubini really say that specifically about JPM? __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

09-15-2008, 02:36 PM	#17
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	the US government goes to JPM when they need help. I think they'll be ok. __________________ I died.

09-15-2008, 12:05 PM	#2
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	bullshit exactly those two are going nowhere. both ARE making money GS is down only 19% the past 52 weeks S&P is down 4% less than that summing it up not gonna happen MS maybe... GS and JPM are here to stay i would bet everything i own on that

09-15-2008, 12:07 PM	#3
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	JP Morgan owns the reserve... they print their own money...

09-15-2008, 12:46 PM	#10
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	oh and JPM is trading at over 130bn mcap i dont see another bank buying them out lol

09-15-2008, 01:10 PM	#11
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	anyone know the deal with Morgan Stanley?

09-15-2008, 02:23 PM	#16
DirtyProfits Confirmed User Join Date: May 2005 Posts: 1,885	JPM is making $70 billion / year.

09-15-2008, 02:41 PM	#19
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Goldman isn't into the mortgage biz and Sumitomo owns a large block of their stock. I don't see them going anywhere.

09-15-2008, 02:45 PM	#20
RP Fade Confirmed User Join Date: Sep 2003 Location: Los Angeles Posts: 3,343	LOL next thing you know Berkshire Hathaway will be rumored to file Chapter 7 __________________ HomemadeCash.com - Homemade & GF sites powered by NScash.com HomemadeVideoPass.com - The only all homemade mega site OurHomemadePorno.com - Real couples fucking on camera Contact ICQ: 400-786-531 Email: fade AT nscash.com

09-15-2008, 02:50 PM	#21
Relentless www.EngineFood.com Industry Role: Join Date: Aug 2006 Posts: 5,697	Washington Mutual is the next to go under.... and will probably be bought by JPMC __________________ Website Secure \| Engine Food ICQ# 266-942-896

09-15-2008, 04:01 PM	#29
tenley Registered User Join Date: Nov 2005 Posts: 2	This discussion is silly. JPM and GS are rock solid and are the ones being sought to advance the sale of parts of AIG. Just because profits drop year-on-year doesn't mean that they aren't doing well. Especially when you consider that they are outperforming everyone else. Rest easy; those two are well run. Plus, JPM is pumped by the consumer business of Chase and the best Asset Management in the business. There's no worries there. In fact, the only things that they might have happening is the long-rumored purchase of WaMu.

09-15-2008, 04:28 PM	#32
StickyGreen . Industry Role: Join Date: Oct 2003 Posts: 13,076	People still don't know that the Federal Reserve is privately owned? C'mon now guys... get with it... You should read what many Congressmen and Woodrow Wilson said about the Federal Reserve in 1913... This coming depression is being orchestrated so the same ol' elite powerful pricks can clean house for pennies on the dollar as usual. This time we might even be in for a new currency. __________________ Refer Cam Girls and Take Home 10% of Everything They Make For Life

09-15-2008, 04:40 PM	#34
Elli Reach for those stars! Industry Role: Join Date: Apr 2003 Location: Vancouver, BC Posts: 17,991	Anyone with financial background have thoughts on this article: http://www.alternet.org/workplace/98...f_lehman_bros/ ? I thought it was quite interesting, but would love someone with more insight to comment. __________________ email: [email protected]

09-15-2008, 04:46 PM	#35
StickyGreen . Industry Role: Join Date: Oct 2003 Posts: 13,076	Check out what Charles August Lindbergh (father of aviator Charles Lindbergh) had to say about the Federal Reserve while he was a congressman in that time: "This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill." "The financial system [...] has been turned over to the Federal Reserve Board. That board administers the finance system by authority of [...] a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money." "To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance." And this is only a few quotes from one man. Look into the Federal Reserve Act of 1913 and the people who opposed it and you should start to understand what is going on. Even Wilson himself spoke out about the traitorous Federal Reserve. __________________ Refer Cam Girls and Take Home 10% of Everything They Make For Life

09-15-2008, 05:51 PM	#37
TyroneGoldberg Confirmed User Join Date: Sep 2007 Posts: 1,081	"Mr. Speaker, we are here now in chapter 11. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise." March 17, 1993 Rep. James Traficant, Jr.