Wednesday, June 13, 2012

Jamie Goes to Washington; Ziggy Zaggy Stocks; Stagflation Noise

JP Moron
Anyone expecting to learn much of anything from the Jamie Dimon, JP Morgan visit to our esteemed DC lawmakers will only receive a lesson in the cold, harsh reality of a jaded and broken system. The politicians will do their grandstanding and Jamie will claim that he has to be tight lipped and not give away proprietary information that could damage shareholders. There will be no great revelations. To some who are sanguine about JP Morgan losses, and suggest Congress has better things to do and that JPM really lost speculative bets with its OWN money — I don’t buy it. JP Morgan and associa...


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