Joe Scum is defending JP Morgan this morning because they have so much money

[malaise]

These fuggers are crazy.

[monmouth]

1. He is really churlish this morning, I stayed as long as I could then off to DU..n/t

[malaise]

10. He knows that Rmoney is the same entitled little bully of a prick

from his prep school days

[kentuck]

2. Until this drives our economy back into the ditch...

...then who is he going to blame?

We have not see the end of this loss by JP Morgan. This is only the beginning. The stock market has not yet felt the full impact.

The government had a chance to clean up the mess but they didn't. I fear we will now see the same story, Act II...

[limpyhobbler]

3. "had a chance to clean up the mess but they didn't"

See now that's the real tragedy here. What is it going to take.

[kentuck]

4. Another collapse?

Is that possible?

[limpyhobbler]

8. I guess so.

I really don't understand the specifics of this JP Morgan issue yet, but I've heard this repeatedly from economists and analysts that the essential problem of "to big to fail" has not been addressed. The gov't bailed out the banks but the structural issues leading up to the collapse have not been addressed. So I guess that was the thing the gov't had a chance to address, in some way or another, to take steps to either prevent a collapse, or contain the damage from a collapse. But instead they didn't.

I'm far from an expert but I think these banking crises have way to much influence over people's lives for no reason. It's a shame that the gov't has not taken some more serious steps to regulate or break up or take over some parts of these banks.

[butterfly77]

5. Your right about the..

CRAZY! Scar wants to dictate how the Democrats and the President campaigns. Scar wants to set the rules they can do it but we can't. Does he remember swiftboaters.

Do you know if this was one of the PACS who did the commerical about the workers who lost their jobs because of Bain Capital?

[malaise]

9. Of course not

Remember it'sOK if you're a ReTHUG

[Skidmore]

6. Last year at this time, before I quit watching that fool, Joey was pushing

the idea that Dimon should run for president. Was touting Dimon as some economic genius with supernatural powers. Funny how Joey always picks lead balloons to release. He pushed Christie for a while and some other pol who had to resign in disgrace (sorry, name not coming to mind right now).

[kentuck]

7. The stock market has been sinking for a week...

This news was probably known before it was broken for the weekend? Just my guess.

Also, I would not be surprised if it was somehow connected to the Euro and the Greek government elections?

Also, when a bad story like this is broken, you can bet there is more to come...