The REAL Reason Obama/Holder Going After JP Morgan...?

Reaganite Republican ^ | May 18, 2012 | Reaganite Republican

[Reaganite Republican]

Just in case you were wondering why Dear Leader has turned on supporter Jamie Diamond,  threatening investigations and new legislation when JP Morgan lost less than 1% of their own money in a bad trade...

George Soros quadrupled his gold exposure in the first quarter, according to his latest 13-F filed with the SEC, increasing his position of 85,000 GLD shares during Q4 2011 to 320,000 shares by the end of March.

That’s still a far cry from the 4.67M shares Soros held at the end of 2010. He dumped almost all of it in the following three months-. when gold still traded between $1,340-1,440. Even at today’s “relatively” depressed price, that looks like a pretty bad trade.

But ole Spooky Dude also loaded up on J.P. Morgan Chase during the first quarter. Mr Soros don't like to lose money, so now that it looks like he took a real haircut on it when JPM stock tanked last week, we have this vengeance agenda emanating from an Obama regime that he owns lock, stock, and barrel...

MarketWatch   Sound of Cannons   FreeRepublic   Business Insider   h/t Speedunque

[Reaganite Republican]

*** PING ***

How bout this one, my friend...

[Jane Long]

Who's Jamie Diamond?

[Reaganite Republican]

Some typo figment of my imagination lol

[Reaganite Republican]

[SES1066]

Also, this helps bury that minor fraud and loss generated by MF Global and Jon Corzine, Democrat bigwig and financial genius. After all JP Morgan lost $2-3 Billion of their own money while MF Global lost $1.2-1.6 Billion of their CUSTOMER’S deposits. JPM CEO, Jamie Dimon, openly announces the loss and takes responsibility, MF Global CEO Corzine lawyers up, sits in his mansion and when required to talk to Congress, tells his former colleagues “I am not responsible and I don’t know what happened!”

[combat_boots]

I agree completely.

[3rdcoastislander]

When you have friends in really high places like Corzine you dont have to do much but sit in your mansion and chill out when you screw up real bad.

[combat_boots]

“CUSTOMERS’ deposits”

...such as farmers money to plant crops.

[combat_boots]

“MF Global Owes U.S. Farmers And Ranchers $100 Million”
First Posted: 02/ 2/2012 6:16 pm Updated: 02/ 3/2012

http://www.huffingtonpost.com/2012/02/02/mf-global-farmers_n_1251181.html

(Reuters article)

[DuncanWaring]

...MF Global lost $1.2-1.6 Billion of their CUSTOMER’S deposits.

They didn't "lose" it, they stole it.

[major1971]

The real reason is that Obama needs to find someone on Wall Street to blame as part of his war against the rich. Nothing was happening of late that fit Hussein’s anti-Wall Street talking points, so I would not be surprised if this is another cooked up Obama scheme to highlight his class warfare agenda. His buddy agreed to participate (probably threatened) and thus you magically have a 2 billion dollar loss and another Hussein talking point before the election. yawn

[drypowder]

They didn't "lose" it, they stole it.

couldn't it be the same at JPM? The AG putting the FBI on the case is more to cover than to discover.

[Reaganite Republican]

Agreed Major

The reason I did this post as this was the revelation that Soros lost a significant amount of $ of JPM last week, and we have this weird investigation that really isn’t needed- up to this point I thought it was more Obama class warfare/political posturing, but Soros surely has a word in these things I’d say... esp when he lost his butt on that very same stock.

I’m no fan of Wall St corruption/short sellers/dark pool shenanigans, but there’s not crime here, and certainly nothing the vile Obama regime can possible do to help anything.... except help themselves, maybe

[WellyP]

Nice to see Soros take a post in the butt! Jamie’s underlings screwed up. No one yet knows how up the food chain this thing will go.