handouts because j.p. morgan is in charge of dispensing with the food stamps that many wal-mart employees have to live on that's right a lot of people don't know that j.p. morgan you know talking about slaves in plantation days they live in the big house that's jamie diamond in the big house he gives out the food stamps going down a wal-mart he processes deferred stamps for his shareholders that are continually getting diluted to pay for the bonuses they're getting screwed up so we've just covered the fact that here in the u.k. they're saying workers of the world's night by giving up your rights in europe we see europeans unite more and give up your sovereignty here's the headline max i.m.f. sees european banks facing four point five trillion dollar selloff yes the i.m.f. said european banks may need to sell as much as four point five trillion in assets through twenty thirteen if policymakers fall short of pledges to stem the fiscal crisis up eighteen percent from its april estimate so they're saying that europea

now by j.p. morgan to sell them product that the raiders said was aaa rated and to say that the loans that they're putting in there they know are going to work out and that they're going to perform ok well am back it has now learned that bear stearns actually according to the lawsuit. knew they were putting in bad loans they knew the loans were defaulting before they even sold it to them you know to those to terry you know for doing investigative journalism on this piece two years ago exposed and now finally it's coming to light but during those two years time say see what happens is that a bank loan j.p. morgan they figured out a way to securitize their potential liability and to sell it on to some pictures market make money on their guilt they're never going to pay any sizable or meaningful penalty because they can always package their guilt as a kill back security sell to some poor bank in europe and then that will go bankrupt and they'll porus more austerity measures in greece you know j.p. morgan i

me diamond j.p. morgan if you go after them they'll push the button to crash the market this is the way things operate now so people are living in fear of this world war three which is about to explode because they've got their finger on the button to crash the market just like nuclear physics lead to the potential to blow up the world you've got economics and financial theory now creating the ability to blow up the financial world people in mainstream media and economists are discussing well if you keynesianism is it milton friedman ism it's like discussing you know the mechanics of an atomic bomb was being dropped on hiroshima that's not really the point isn't the point is that is blowing up and killing people. will the point is that this financial bomb is exploding jamie diamond is the arch master enemy an evil incarnate who is killing hundreds of thousands of people suffering austerity because he's got the weapons of mass financial destruction and he's using them he's using them now well peston at the b

covered this in j.p. morgan subprime horror and he says he knows that the emails note that bear stearns traders on one package of these securities noted that sixty percent of the loans were already delinquent yet they packaged it up and sold it to investors a further securitization was described as he said at the top of the show a sack of and a breather oh no they would suck endeavors and they package him up their research characterize them they put them all up in a mince them into a nice mincemeat christmas pot of cadavers which they created could never collateralized debt obligation they sell to do it your banker b.n.p. in europe then a buck goes out of business and then they impose more austerity measures so the austerity measures are direct result of this fraud and accounting fraud by j.p. morgan the people are suffering. so we covered that last year. carl levin of the senate he was famously the famous senate hearing where they kept on having to bleep it out because it was a deal from goldman sachs that they

ok keep in mind j.p. morgan is the custodian for a lot of the customer money clearing and certainly major for a lot of m.f. global's trades most of their trades and they are its biggest lender and they know one point two billion dollars revolving credit facility so j.p. morgan knows a lot about what's going on in a global so on this day of the twenty eighth they ask them of global for a comfort letter which is asking them of global to put it in writing that no customer funds were. part of that wire transfer should meet that margin call and they never got the letter writing that letter so j.p. morgan said another letter with water now language and if golan signed that letter either they sent a third letter m.f. global and signed that love letter either so that j.p. morgan has reason to believe that this customer money being wired wired over m.f. global wouldn't put it in writing that it wasn't customer bonnie and yet at the same time that their wiring the customer money that they knew was customer money out the d

investors says lawsuit so these are the mortgage backed securities that bear stearns now owned by j.p. morgan packaged into but this into securities and sold on to pension funds around the world they referred to one of them of course as a bleep breather i'm not going to be surprised when j.p. morgan jamie dimon ounces are going to take this and the reseller public as an animal reseller i.p.o. value them at a billion dollars and then turn that into a collateralized animal reselling plot of life debt obligations on to sell to some german bank and then will explode and then off to impose austerity should the greeks are going to end up paying for the use out of a banks once again. well ronald eugene robinson is the name of this thirty four year old who is convicted he faces up to ten years in prison and a two hundred fifty thousand dollars fine so for packaging up his used anima and reselling it to unsuspecting customers he gets ten years and two hundred fifty thousand dollars now remember carl levin to the senate questioned the likes of lloyd blankfein who had to admit under oath that in fact th

sometimes years ago and now j.p. morgan chase in order to get credits to rig the game for their benefit are sending the letter saying oh that debt you discharged well we're going to forgive you for that debt write well this is all the problem with virtual securities although the mortgages of virtual securities to begin with they were based on. performing loans that were handed out to anybody with a pulse they made a mark and that then they stole the loans off to a repackaged loan security and then they sold those off on to the governments around the world including europe and they've all gone bust and j.p. morgan of course menefee selling the improper loans to begin with they made a fee on packaging alone to next made another big chunk of money by making bets against the very things that just sold knowing that the people who just bought it would go bankrupt now they're going to come and say no we want to credit against a thing we never sold against a thing we made a fee on and by the way we're going to zap the homeowner onc

j.p. morgan trading above all their moving averages - the 20, the 50, the 150, the 200 - those are all around the $38 level. it had the london whale episode, it sold off really hard, bounced back, got a bounce through that $38 level - that was the london whale number, that's very, very critical. now it's trading around $40. i'm looking to get long j.p. morgan, and i'm using this $40 level as a pivot point level. i'm going to look to see where the futures are. j.p. morgan will sell off with the futures this week. we got kind of dicey last week. the market didn't really have that much conviction. it could be end-of-the-quarter markups, markdowns, buying certain stocks, selling other stocks. i'm going to watch it this week. if it stays above this $40 level, i'm going to buy back into it, looking for it to break to that $42 level, possibly up to $45, and i'll have a stop right under the $40 level. > > this was a classic lesson that you had to buy this stock when there was so much negative news, such

there are i would name names but i am sure j.p. morgan calls and part of the reason i'm sure j.p. morgan calls is because of their commodities department. as well why their commodities department what are your concerns specifically. the head of the department doesn't know as much as some people know about commodities and sometimes that person i won't say whether some male or female gets overextended and makes mistakes and i suspect you're going to find more mistakes coming out of the j.p. morgan commodities department so i am short the calls but there are many reasons to be short j.p. morgan called me reason to be short lots of things i'm sure lots of stocks around the world short india short a lot of things it's not just j.p. morgan i'm sure that's not part of them poor j.p. morgan ok fine but what about their silver position does that worry you at all or there have been many concerns in the blogosphere about what they're doing with silver i know i see all that stuff i don't have a clue i don't know what the situation is morgan says that they don't have any naked positions in in s

headline based on all the bragging he was doing this week states don't need to take loans from j.p. morgan this is from reuters and they're noting that diamond said this he said quote ok hahaha this company j.p. morgan and chase went through six zero seven zero eight zero nine two thousand and ten two thousand and eleven two thousand and twelve never lost money in a quarter didn't need tarp and was there for a lot of people when others weren't california new jersey illinois hospitals schools businesses so here is t. we diamond claiming to have been there for california new jersey all the state's hospitals schools businesses like jefferson county alabama which he bankrupted and had to pay back some of that money in a little fine not admit any wrongdoing right but kate long here in reuters mentions that he might be referring to the two thousand and ten bridge loan to california for example which is one point four percent for six point seven billion for one month j.p. morgan loaned california but then she notes that it was a one month loan which was four million dollars more than california i

now, j.p. morgan faces a lawsuit, claiming it inherited massive fraud on the part of the company it purchased. the civil lawsuit alleges systemic fraud with the packaging and sale of mortgage- backed securities by bear stearns before it was taken over by j.p. morgan. the bank says it intends to fight the case. eric schneiderman is the attorney general of new york. >> eric, you represent the people of new york state. what did your citizens lose in the deals thaw are accused of being fraudulent? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt mortgage backed securities bubble were created, in part, by some pretty flamboyant types of misconduct n. this action which we filed yesterday against j.p. morgan chase really for the activities of bear sterns and companies they purchased later i

and j.p. morgan lawsuits are proving into but while the big he just is no there won't be any justice because he's part of the syndicate blithely j.p. morgan which broomstick flying saudi short selling oil which i stay sober thanks so much for being on the kaiser report thank you max stay tuned for the second half i've got the birmingham looter we're going to hug a hoodie. good lover toure. was able to build a most sophisticated robot which fortunately doesn't sound anything kim's mission to teach music creation why it should care about humans and. this is why you should care only. for the. science technology innovation all the latest developments around russia we've got the future. which brightened. soon from phones to. start on t.v. dot com. mission and free accreditation free in-store charges free. range month free. free studio time free. download free broadcast quality video for your media projects free media oh don the r t dot com. more news today. again flared up if these are the images the worl

and j.p. morgan lawsuits are proving into but while the big any just is no there won't be any justice because he's part of the syndicate blithely j.p. morgan which broomstick flying saudis short selling oil which are i stand over thanks so much for being on the kaiser report thank you max stay tuned for the second half i've got the birmingham looter we're going to hug a hoodie. by horse. by truck dirt. by car for the road ants. as a carpenter. as a stove setter. as a farmer. as an assistant. as a friend. as a relative. delivering post and delivering goods. because . the job. welcome back to the kaiser report i'm max keyser time now to turn to aston walker aka the birmingham lunar aston walter the kaiser report thanks for having me master walker tell us about how you came to be known as a birmingham looter well what happened i was in my house listening to radio four when all the riots that kicks off in the city center so a filmmaker i went into town with my film camera and my commitments casually stro

and j.p. morgan lawsuits are proving into but while the big he just is no there won't be any justice because he's part of the syndicate blithely j.p. morgan which broomstick flying saudis short selling oil which are i stand over thanks so much for being on the kaiser report thank you max stay tuned for the second half i've got the birmingham looter we're going to hug a hoodie. well for the. science technology innovation all the list of elements from around russia . soon from phones to. good lumber tour. was able to build most sophisticated robots which fortunately doesn't sound anything tunes mission to teach creation why it should care about humans and. this is why you should care only. planation and free credit take should be free transfer charges free. maintenance free risk free studio tied free. download free blood tests plug in video for your media projects and free media donda r.t. dot com. it . plugs because. i. play. welcome back to the kaiser report i'm max keyser time now to turn to aston w

because of jamie diamond and j.p. morgan selling them interest rate swaps on their sewage system that ended up costing them like many times over with the cost of the sewage system was so perhaps even this man robs some sort of shop because he was broke because he had to pay the sewage fee to jamie diamond but the other thing is the police deputy he would never talk like that he did he say this referring to jamie diamond when jamie dimon bankrupted the entire county by tens of millions of dollars i would like to think that maybe he jumped off that cliff because of remorse but i can't give him that much credit why didn't he tell jamie diamond jump. well america's jumping off the fiscal cliff coming up at the end of the year so we're going to have three hundred million people jumping off the fiscal cliff break their leg and then have their legs amputated. well here you know in the u.k. they have a dead cat bounce you know you know growth like that in the u.k. here they report it not very intriguing is it because you strip out t

and j.p. morgan lawsuits are proving into but while the big any just is know there won't be any justice because he's part of the syndicate blithely j.p. morgan which broomstick flying saudi short selling oil which are stationed over thanks so much for being on the kaiser report thank you max stay tuned for the second half i've got the birmingham looter we're going to hug a hoodie. well . offers an air show and an issue. what's the matter you. the resident never profited from the performances you'll see him coming all the sinners are there when you look up and there's one check in on you he's the alpha beta gamma he's. the find out and he's let me know what's going on so i can pinpoint you. right now. dog shows become income mortal danger and a piece of art. is exempt. from critique. and. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you don't know i'm tom harpu

bankrupt county and alabama bankrupted by j.p. morgan and he's chased shot jumps off a cliff you know where where is that sort of action for this bigger crime this is tens of billions of dollars here well they've crashed the market and in the united states they have a bit of a dead cat bounce in the housing market because he says funds after crashing the market after packaging fraudulent securities after bankrupting banks in europe they are buying these housing stocks for pennies on the dollar they're going to be flipping them in six months time and then we're back to the primary bear trend after they once again extract a huge amount of wealth from the economy leaving it for dead. so to put into context just the disaster that bank of america is and the billions of dollars if required imbalance from the taxpayer and the hundreds of billions that fannie mae and freddie mac. have required from the u.s. taxpayer thanks to the likes of countrywide and bank of america merrill lynch and j.p. morgan since brian will join hands kenneth lewis paid

bubble was along as mortgage task force has finally wired the new york attorney general is doing j.p. morgan alleging widespread fraud by its bear stearns unit in the sale of mortgage backed securities back before their around the financial crisis will discuss the impact and thousands of millionaire households in the u.s. collected unemployment insurance in two thousand and nine this is according to the congressional research service so who exactly counts as unemployed anyway but we're down with the bureau of labor statistics considers it and word of the day let's get to today's capital account. measured by share market cap as many of you know apple set a record in august as the most valuable u.s. company the world has ever seen now in a world where too big to fail has been singularly associated with the financial sector could a single tech in consumer products giant have a disproportionately visible effect on the larger us economy and if so do we all need to care about something like the i phone five launch or how something like the i phone's new features compare to competitors well if so h

i think before j.p. morgan acquired bear nonetheless it's surrounding mortgage backed securities and you're saying that you actually think there is a connection between the fed's announcement of targeting mortgage backed securities so i'm curious could you just follow through a little bit more for our viewers the connection between a suit like this and how that actually affects mortgage backed securities in this market let's suppose bear stearns has a large before you have made i think. three which is of poor backed securities that almost everybody in the street realize is full of nonsense. fraud etc but you know everything to go depends what the bid is so set of getting one hundred cents and i dollar eighty cents on a dollar i do three sets of the dollar for twenty cents here comes new york right alleging that this allegation seems to be cropping up everywhere there. so mortgage backed securities after they stop performing ok there's so much bad securities after the market is behind underlying the securities h

j.p. morgan moved slightly higher on word that the bank's c.f.o. will step down and move into a different position. j.p. morgan is expected to post profits of $1.21 a share; that's 19 cents above last year's numbers. wells fargo is expected to earn 87 cents a share; that's 15 cents better than the same period last year. and finally, we see the powershares qqq's was the lone loser among most actively traded e.t.f.s. and that's tonight's "market focus." the size and success of big banks like j.p. morgan are back in the spotlight. a top federal reserve policymaker is calling on congress to cap the size of big banks. those comments yesterday by dan tarullo, the fed's point man on banking regulation, is being debated from wall street to washington. joining us, a man who worked in the u.s. treasury on banking reform. morgan ricks is now assistant professor of law at vanderbilt university. more-- morgan w what do you think here, should the government cap the size of big bank, this is turning out to be a