COULD JPMORGUE LOSSES ALREADY PAST $31.5 BILLION ??

Posted on May 22, 2012 by Anonymous:

just finished a conversation with Turd Ferguson

he did the interview with me on May 11th where we broke open the story

that the JPM losses extended from huge Interest Rate Swap damage

I directly gave Rob Kirby attribution

the Wall Street Journal now quotes Dimon mentioning Delta-Hedge

and usage on the Interest Rate Swap complex (confirmation!!!)

well, Ferguson has come up with a simple deduction

the New York Fed as part of their shoddy Bank Stress Tests,

made a conclusion (directive) that JPM would have to suspend

their stock buyback and dividend payouts

IF THEIR DERIVATIVE LOSSES EXCEEDED $31.5 BILLION

JPMorgan just announced no more stock buybank or dividends

although not a necessary & sufficient condition of the outsized losses,

we have an indication of over $31.5 billion in losses

it will all come out gradually

/ JWCB