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

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

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

lol... that's a joke right?

100% correct

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

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...:thumbsup

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

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

anyone know the deal with Morgan Stanley?

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

Not the only one predicting this.

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

JPM is making $70 billion / year.

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

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

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

LOL next thing you know Berkshire Hathaway will be rumored to file Chapter 7 :1orglaugh

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

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!

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

Maybe he knows something.

Very True!

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

Shit! Then it's over. Geico going under?! :1orglaugh

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 ;)

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. :)

bump for this :winkwink:

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.

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

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

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...

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.

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.

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.

"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.

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