JP Morgan - the Fallout
Comments
-
Cliffy6745 wrote:inlet13 wrote:Cliffy6745 wrote:The regulation should be that FDIC banks cannot also be investment banks. They used to be seperate and they still should be. If deposits are not being gambled then these companies can fail.
Deposits are always gambled on. Look up fractional reserve banking.
Yes, but instead of loaning the money (responsibly), which carries less risk and could help the economy, JP Morgan gambled like a hedge fund. I really don't think you can compare the risk of the two.
The risk is dependent on the investment. Loans can be very risky - see housing crash for proof. MBS were packaged mortgages, afterall.
But, regardless, both are risky. I won't say one can't be more risky than the other - it can. I'm simply saying acting like there's no risk involved in one of the two is simply false.Here's a new demo called "in the fire":
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="0 -
Why central banks are to blame for JP Morgan's moves:
http://www.zerohedge.com/news/irony-101-or-how-fed-blew-jpmorgans-hedge-22-tweetsHere's a new demo called "in the fire":
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="0
Categories
- All Categories
- 148.9K Pearl Jam's Music and Activism
- 110.1K The Porch
- 275 Vitalogy
- 35.1K Given To Fly (live)
- 3.5K Words and Music...Communication
- 39.2K Flea Market
- 39.2K Lost Dogs
- 58.7K Not Pearl Jam's Music
- 10.6K Musicians and Gearheads
- 29.1K Other Music
- 17.8K Poetry, Prose, Music & Art
- 1.1K The Art Wall
- 56.8K Non-Pearl Jam Discussion
- 22.2K A Moving Train
- 31.7K All Encompassing Trip
- 2.9K Technical Stuff and Help