One name comes up again and again when we look back at critical tipping points in the financial system. Whether it is Lehman, WaMu, MFGlobal, or more recently Knight Capital’s implosion, the house-of-Dimon is tied directly, in one way or another, to creating the crisis or offering ‘help’ to fix it. As the WSJ notes, the Knight CEO Thomas Joyce reached out “we’re looking for help”and sure enough JPMorgan were more than happy to help (with just the right amount of vigorish of course) especially given their ‘complicated’ relationship with Knight (and MFGlobal) at the time of distress. Sure enough, after playing hardball for 2 days, they agree terms and Knight is saved (for now) but once again the bank-that-didn’t-need-TARP fixes another tempest-in-a-teapot as the squid and the whale battle for global interconnected dominance.
Subscribe to NCRenegade via Email
Carolina Readiness Supply
Websites
NC Renegade on Twitter
NC Renegade on Gab
NC Renegade on Truth Social
Wes Rhinier on Gab
12 Round Blog
Barnhardt
Cold Fury
DanMorgan76
Defensive Training Group
The Deth Guild
The Feral Irishman
First in Freedom Daily
Forloveofgodandcountry's Blog
Free North Carolina
Knuckledraggin My Life Away
Liberty's Torch
90 Miles From Tyranny
Professor Preponomics
Publius-Huldah's Blog
Straight Line Logic
The Tactical Hermit
War on Guns
Western Rifle Shooters Association
Categories
-
Recent Posts
Recent Comments
- Diva of Dance on News Flash: Peanut has a Younger Brother
- DWEEZIL THE WEASEL on On the Left as Scorpion
- Quatermain on Boots on the Ground…Nov. 3rd… Military making it easier to draft more people?
- Nobody on News Flash: Peanut has a Younger Brother
- AlpineKnight on News Flash: Peanut has a Younger Brother
Archives
Meta