Economy

Demeter

(85,373 posts)

17. How JPMorgan’s storm in a teapot grew

Thu May 17, 2012, 09:39 PM

May 2012

The bank’s idea for hedging credit risk, which went spectacularly wrong, has become something of an epic tale for hedge fund managers

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http://link.ft.com/r/H60H77/MSZ5KN/LSLXF/XH79G9/ZGJ2CN/6C/t?a1=2012&a2=5&a3=17

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Highlight:

STOCK MARKET WATCH -- Friday, 18 May 2012 [View all] Tansy_Gold May 2012 OP

When the NIKKEI Starts Out at -145 Demeter May 2012 #1

Minus 145----now minus 207 is not a whimper. Fuddnik May 2012 #35

The worriers might want to stay in bed tomorrow. girl gone mad May 2012 #37

Up at 3:00 a.m. n/t Tansy_Gold May 2012 #60

Anybody want to bet when the DOW crosses 12,000? Demeter May 2012 #2

Before Memorial Day. westerebus May 2012 #7

Two weeks Demeter May 2012 #9

2 days after 12,325 (support) gets taken out Po_d Mainiac May 2012 #34

and that just might happen today. at 12,359 right now. Roland99 May 2012 #110

missed it by 12pts just a few min ago but then the DJIA rebounded over 30pts Roland99 May 2012 #113

Apocalypse Fairly Soon By PAUL KRUGMAN Demeter May 2012 #42

Editorial: Germany, the Crisis and the G-8 Demeter May 2012 #43

EU, ECB working on Greece exit contingency: paper Demeter May 2012 #45

"What We Have Here Is a Failure to Communicate" Demeter May 2012 #3

badda bing! westerebus May 2012 #4

I don't get it Demeter May 2012 #5

If Scott Walker was a woman Po_d Mainiac May 2012 #24

I never said a word. westerebus May 2012 #29

No, but my motorcycle mechanic could probably sum it up. Fuddnik May 2012 #36

Been a nice theme this week. Roland99 May 2012 #84

Selling Turbineguy May 2012 #6

Selling to buy cheap gold, more likely Demeter May 2012 #10

That P/E of 107 is appealing aint it! n/t Po_d Mainiac May 2012 #26

Facebook prices IPO at $38 Demeter May 2012 #8

Facebook launches biggest tech IPO on record Demeter May 2012 #41

Giant Tax Loopholes and Tax Breaks: All About the Multi-Billion Dollar Facebook IPO Demeter May 2012 #55

Someone once said something about Tansy_Gold May 2012 #62

Iran ships oil on behalf of Syria Demeter May 2012 #11

Moody's prepares for sweeping downgrade of Spain's banking sector Demeter May 2012 #12

Moody's Downgrades 16 Spanish Bank Ratings Demeter May 2012 #39

Nicosia acts to shore up Cypriot bank Demeter May 2012 #44

Big banks need extra $566bn, says Fitch Demeter May 2012 #49

Spanish banks defy Moody’s downgrade Ghost Dog May 2012 #51

JPMorgan unit has $100bn of risky bonds Demeter May 2012 #13

How JPMorgan’s storm in a teapot grew Demeter May 2012 #17

Les Leopold: Don't Look Now -- Banks Are Still Ruining America: 6 Harsh Lessons from the JP Morgan F Demeter May 2012 #22

Are JPMorgan’s Losses a Canary in a Coal Mine? (THE PROVERBIAL 600 LB CANARY) Demeter May 2012 #23

JPMorgan's Dimon says will testify before Congress Demeter May 2012 #31

Memo to Mayor Bloomberg: JP Morgan Blow-Up is Not a ‘Hiccup’ -- It's a Giant, Ugly Warning Demeter May 2012 #54

The worst of it is that this wasn't "real" money Tansy_Gold May 2012 #61

Public vs. Private Morality Robert Reich Demeter May 2012 #64

The Dog That Didn’t Bark: Obama on JPMorgan By Robert Reich Demeter May 2012 #66

Nothing but a dog and pony show. Does the U.S. Senate Banking Committee really Hotler May 2012 #118

That will only work if you take the Senate down at the same time Demeter May 2012 #119

How Did the Original J.P. Morgan Do It? Demeter May 2012 #71

Sen. Mark Warner, Leading Democratic Critic of Volcker Rule, Invests With JP Morgan Unit... Demeter May 2012 #75

Some highlights from the Warner disclosure: Demeter May 2012 #76

JPMorgan Chase Chairman Jamie Dimon, the Whale Man and Glass-Steagall Demeter May 2012 #77

What Did JPMorgan Execs Know and When Did They Know It? Demeter May 2012 #79

Greeks urged to run poll as euro vote Demeter May 2012 #14

Merkel sacks minister after election defeat Demeter May 2012 #15

Obama seeking to move Merkel, Hollande closer (INQUIRING MINDS MUST ASK: WHY?) Demeter May 2012 #30

Do you ever feel like you're in one of those films.. girl gone mad May 2012 #38

It's much worse for the banksters Demeter May 2012 #40

Shell warns on US natural gas bounce Demeter May 2012 #16

GE Capital resumes dividend to parent Demeter May 2012 #18

Judge to allow wiretaps in Gupta case Demeter May 2012 #19

LOCAL ALARM: Great Lakes oil spill Demeter May 2012 #20

Weisbrot and Krugman are Wrong: Greece cannot pull off an Argentina Demeter May 2012 #21

In South America, Separating Fact From Fiction RE: ARGENTINA'S DEFAULT By Paul Krugman Demeter May 2012 #73

Wells Fargo: Blood on Its Hands: Man Suicides After Shocking Foreclosure Mistreatment Demeter May 2012 #25

Preying on the Poor: How Government and Corporations Use the Poor as Piggy Banks Demeter May 2012 #27

Video Helps Acquit Student In First Occupy Wall Street Trial Demeter May 2012 #28

Bedtime, Bambinos! Demeter May 2012 #32

Hoteliers put the blame on politicians FarCenter May 2012 #33

Deficit Reduction: The Great Distraction By Dean Baker Demeter May 2012 #46

US urges allies to make Afghanistan pledges Demeter May 2012 #47

Romney gains on Obama in funds race Demeter May 2012 #48

Banks poised to seize YPF stake Demeter May 2012 #50

Chicago's Cracking Down on Protests but Nurses Union Still Planning Huge Rally with Tom Morello Demeter May 2012 #52

Clinton, Boehner, Other Rich White Guys Had A "Summit" And Agreed: It's Your Fault By RJ Eskow Demeter May 2012 #53

Debt Limit Debacle, Part 2: GOP Will Drag Government, Economy to Hell to Appease Wingnuts Demeter May 2012 #58

Why Republicans Are Flirting With Debt Limit Debacle 2.0 Demeter May 2012 #59

Fiscal Summit: Boehner, Ryan Show Peterson Summit’s True Colors Demeter May 2012 #63

Obama's clean debt-ceiling request stuns Boehner Demeter May 2012 #82

And, should Romney win in November, anyone think Mr Oompa Loompa will hold him to the same standard? Roland99 May 2012 #101

Independents in Swing States Want Obama to Hold Wall Street Accountable for Economic Collapse Demeter May 2012 #56

Elizabeth Warren Expresses No Confidence in Current Bank Accountability Measures Demeter May 2012 #57

Why Sallie Mae Should Take Google’s Advice: Don’t Be Evil By Molly Katchpole Demeter May 2012 #65

la vie en rose -- bon jours! xchrom May 2012 #67

New York and Los Angeles City Councils Approve Responsible Banking Ordinances By Travis Waldron Demeter May 2012 #68

Chomsky: Occupy Movement "Has Created Something That Didn't Really Exist" in US--SOLIDARITY! Demeter May 2012 #69

Analysis: A curious case of German risk and safety xchrom May 2012 #70

Bank of Ireland lays out scheme for further job cuts xchrom May 2012 #72

{go figure} Poll shows Greece electing pro-bailout government xchrom May 2012 #74

German finance minister calls for directly elected EU president xchrom May 2012 #78

From Last June: EU's "Edifice Complex": EU president unveils new £280m 'gilded cage' Demeter May 2012 #94

interesting and even more interesting cameron said they couldn't back off of it. xchrom May 2012 #97

According to EC Website, It Should be completed in 2013 Demeter May 2012 #105

The Eurozone may be totally "completed" by then, too Demeter May 2012 #115

Stocks head for worst week in six months as Irish bond yields widen xchrom May 2012 #80

Ireland may need second bail-out xchrom May 2012 #83

A US Financial Transaction Tax: How Wall Street Can Pay for Its Mess Demeter May 2012 #81

US Futures feeling bright and lively Roland99 May 2012 #85

42 points of irrational exuberance at open Demeter May 2012 #93

Facebook Momo FTW!! By the way...speaking of Facebook >>>> Roland99 May 2012 #98

See you all tonight on the Weekend Thread Demeter May 2012 #86

El Dorado in Angola Portuguese Find Oasis from Crisis in Former Colony xchrom May 2012 #87

Are trout smarter than the average American? Po_d Mainiac May 2012 #88

+1 Tansy_Gold May 2012 #89

You should put that out for pay, Po Demeter May 2012 #95

Go for it.....I'll settle for 50% n/t Po_d Mainiac May 2012 #102

China Home Prices, Car Inventory Add To Signs Of Slowing xchrom May 2012 #90

Shoppers Skipping Pomegranates Show India Rate Dilemma: Economy xchrom May 2012 #91

Market Volatility Prompts Warning From Japan To S. Korea xchrom May 2012 #92

Looks like the dead cat has bounced! Fuddnik May 2012 #96

not very far. Europe markets mixed. US markets mixed, too. Roland99 May 2012 #99

Looks like another Bungee Market Day Roland99 May 2012 #100

Whoa...100pt drop now from daily highs. wtf? Roland99 May 2012 #103

Anyone who thinks Facebook is going to make their fortunes Demeter May 2012 #104

It's fallen below $40...back to initial IPO of $38. and NASDAQ can't even execute buy/sell orders!! Roland99 May 2012 #107

Looks like it's going to be that kind of day TalkingDog May 2012 #106

ayup...50pt bounce off that 100pt drop. Roland99 May 2012 #108

2:30pm update - S&P blows under 1,300. Oil approaching $91/bbl Roland99 May 2012 #109

bunch of last-minute buying. S&P was -1.00% 2 min. ago. Now it's only -0.74%. Roland99 May 2012 #112

Morgan Stanley manipulates FB stock to keep it over $38 just1voice May 2012 #111

It's a common practice for IPOs. girl gone mad May 2012 #114

There is a lot of support at $0.50 n/t Po_d Mainiac May 2012 #116

Wunner if Goldman Suchs is still holding? (old news) Po_d Mainiac May 2012 #117

LOL @ FB Hugin May 2012 #120

ditto DemReadingDU May 2012 #121