 GlobalMindDomino Dude, POWER Systems GuyPremium
join:2001-10-29
Hollywood, FL | reply to Hangmn
Re: HUH? Well nevermind that JPMC has tried to pay the funds back (since they didn't need them to begin with) and were told "we'll get back with you."
Of any of them JPMC is actually a well run company.
But I understand the sentiment.
Otherwise....analysts crack me up with commentary like this. They claim to all be experts on an industry then act like they're victims in it all. Truthfully they've got not much more clue than the rest of us, even with evaluating "fundamentals."
Long term they'll both be fine, but that doesn't suit traders who look to day on day profit. Long term REAL investors will likely be fine. |
|
RadioDoc58ef2c0Premium,ExMod 2000-03
join:2000-05-11 | That's just it. These pundits and "experts" have nothing to sell if there isn't turbulence in the market, so they work full-time to create it. |
|
 morboComplete Your Transaction
join:2002-01-22
00000
2 edits | reply to GlobalMind
said by GlobalMind:Well nevermind that JPMC has tried to pay the funds back (since they didn't need them to begin with) and were told "we'll get back with you." Of any of them JPMC is actually a well run company. 1. if they didn't need tax payer money to begin with, they wouldn't have taken any.
2. THE only alternative is that they thought it was free handout time and said ME TOO.
so either JP Morgan Chase is in deep shit and borderline insolvent or they tried to steal tax payer money because everyone else was doing it.
Both options mean I won't do business with them in the future. |
|
|
|
| said by morbo:said by GlobalMind:Well nevermind that JPMC has tried to pay the funds back (since they didn't need them to begin with) and were told "we'll get back with you." Of any of them JPMC is actually a well run company. 1. if they didn't need tax payer money to begin with, they wouldn't have taken any. 2. THE only alternative is that they thought it was free handout time and said ME TOO. so either JP Morgan Chase is in deep shit and borderline insolvent or they tried to steal tax payer money because everyone else was doing it. Both options mean I won't do business with them in the future. No, JPMC was forced to take the money by the administration, so was Wells Fargo and possibly Bank of America |
|
ricep5Premium
join:2000-08-07
Jacksonville, FL | While this stretching off the topic....
TARP was designed to bring liquidity to the markets that banks use to lend each other. When Lehman folded, all the banks constrained overnights to preserve their own capital. Everyone was worried about each bank making calls on each others accounts.
While JPMC got blamed for starting the collapse for refusing to let Lehman draw down off its collateral accounts, which let to its bankruptcy....Treasury ordered each of those banks to accept the TARP funds to maintain overnight liquidity.
While few banks and investment houses really actually needed the funds, by providing to all the majors it essentially removed any opportunity of any liquidity squeeze by anyone.
JPMC is a really well run bank, but don't confuse the words of one analyst in a separate division from what you can get from them in the retail (Chase) space.
Back on topic...I too don't like the short term disease some of these analysts have. Too much focus on "growth" and quarterly profits at the expense of R&D and long term viability. But then isn't that the problem with our culture? Give me what I want now, I don't care what impact it has? |
|
morboComplete Your Transaction
join:2002-01-22
00000 | reply to danball1976
said by danball1976:No, JPMC was forced to take the money by the administration, so was Wells Fargo and possibly Bank of America that's incorrect although a popular rumor going around mostly to assuage the public and world fears about the true state of the banking system. right now, the big banks are playing "who can survive longest" and come out on top. but don't think they aren't in serious trouble: »online.wsj.com/article/SB1241823···297.html
|
|
