morgan's debt to junk status based on jamie diamond's institutional fraud corrupting the entire global banking system that they should have to start to pay more access to the credit markets for flagrantly and repeatedly committing massive fraud and that they have to pay a fine after fine after fine but that's not a turnt because they just cook up some more illegal profits to pay for the fines they have to be held in the same does disregard as a jerry sandusky people have to look at jamie diamond should not be able to walk down the street without people vomiting on the street when they see him like if jerry sandusky walk down the street people be like. don't want to be like oh my god what a disgusting person well jamie diamond is the same moral character is cut from the same cloth these the same serial rapist. well just like at penn state there were riots there not for the victims protesting the crimes there but there were riots in order to support joe for turn over the man who's now been carted off with a blue tarp over his head well that's the unfortunate result of an equally corrupt

yes well apparently they have jamie diamond jellyfish it's a jellyfish robot if you take a look at this video here that's a jellyfish robot made from silicone and the living cells from a rat heart rat heart cells and a jellyfish so it's no spine but the heart of a rat is that not jamie diamond and it's a robotic version of jamie diamond no spine but the heart of a rat and he's a robot like algorithmic trading like high frequency trading that's it dominates the global economy a robotic jellyfish rat heart of jamie diamond clones that's why we're in this mess well max i have a dust scimitar here. this is my little financial decimeter and it tells me when i'm getting too close to any financial crimes any financial toxins and financial fraud manipulation and inflation deflation and i want to use that as an analogy for the global financial system what's going on we turn to japan right now and this headline here to pan probes under reporting a fukushima radiation dosage to pan's health ministry said it would investigate reports that workers at the stricken fukushima nuclear power plant were u

god's work and some of them do do god's work but not to the extent where you've got like like jamie diamond swallowing the entire global economy whole of ninety trillion in derivatives there's bigger than the entire g.d.p. of the entire globe maybe jamie dimon is trying to send a signal he's shaken to the core he's there he is being provoked is there really in this more big new jamie bell i mean i'm being probed by aliens say i pay to get to the moon for the fraud of trauma. you know they could develop like a fraud a chronic beam you know beam it down on the balance sheets of deutsche bank. try to somehow solve their balance sheet issues of course deutsche bank is insolvent society generale b. and b. that if you were to freeze in time and look at their balance sheet or any given day you'd find they have absolutely no collateral j.p. morgan's balance sheet is no collateral one hundred sixty billion dollars goose egg there's nothing there it's all smoke and mirrors jamie diamond is being probed by aliens trying to sell his company's debt to some arriving spaceship floating around planet earth

jamie diamond shaken to the core after j.p. morgan trade last grossed a four point four billion dollars doubling original estimate to me diving into the core shaken not stirred and i'll have another yeah his really should be kidnapped by aliens and probed well obviously i'm talking about last week when jamie diamon and j.p. morgan announced that their first quarter losses were actually greater than what they had claimed previously so j.p. morgan admits that c iow group consistently missed mark hundreds of billions in c.d.'s an effort to artificially boost profits so according to their statement the firm has recently discovered information that resists questions about the integrity of the trader marks and suggests that certain individuals may have been seeking to avoid showing the full amount of the losses in the portfolio during the first quarter yeah well jamie dimon and j.p. morgan they should create like a fraud a tron you know like the cern scientists have the particle accelerator and they can split subatomic particles they

system where they can actually aggregate wealth without having it being stolen by the likes of jamie diamond or bob diamond or lloyd blankfein or the rest and now max let's turn back a year and a half to the serious fraud office headline reads budget cuts killed off live war inquiry so britain's premier anti corruption agency refused to carry out a criminal investigation into alleged manipulation of the benchmark libeler bank lending rate because it did not have enough money to fund it s f o chief complain that their ability to investigate cases has been compromised by cuts to their budget which fell from fifty one million pounds in two thousand and eight two thousand and nine to thirty three million. this year and is set to fall to twenty nine million pounds by two thousand and fourteen fifteen but well this is typical trick used by government to make sure that their crony buddies in the city of london or on wall street don't go to jail is that they defund the regulatory agencies responsible to investigate same thing with the f.c.c. in the united states the f.s.a. and the serious fraud offi

global jamie diamond again stole money from customers on top of a top of the last four years of all the baggage they're getting bigger and getting more outrageous its moral hazard you could call it or just a crime wave well max here's a headline misselling derivatives barclays r.v.'s h.s.b.c. and lloyds banned from selling interest rate hedging products u.k. lenders barclays r.b.s. h.s.b.c. and lloyds have agreed to stop selling interest rate hedge and products to small and medium enterprises after regulator financial services authority found them guilty of misselling derivatives products again notice the terminologies there they mis sold them it's not a crime just stop please please don't defraud small medium sized enterprises with these complex derivatives that they don't know what it is until it blows up in their face and destroys their enterprises right and the the sensitive for some economic growth to hide the crimes is not forthcoming because the ability for the global economy to absorb all the toxic debt that bob diamond and others floated to fund their lifestyles and master crim

jamie diamond has bankrupted montgomery county alabama he has just roid several cities in italy he has destroyed the municipal bond market across america what about his dreadful background. sixty years ago david cameron would call for ethnic cleansing now he was calling for getting rid of the dreadful background british clee so here's the next headline on this london self-regulatory system proved illusory in live or scandal as we know they were unable to self regulate again despite all of this long track record of banking cry. times there are still self regulating these poor people already living in a ghetto out in the middle of nowhere he sent a nanny for respect is our who has to oversee them and spank them a paddle them every day david kotok who manages about two billion as the chief investment officer at cumberland investors in sarasota florida said as a company we now void london is tarnished passing the buck to others shirking responsibility and avoiding accountability characterizes the people at work there so this is the way cameron should be talking about not the poor people bu

borrow rob about there's jamie diamond in his time again or lloyd blankfein over j. goldman sachs and his tommy gun rob rob rob rob rob rob rob rob rob rob rob is robber barons on high frequency trading i mean if the robber barons were alive today they'd be high frequency trading and lloyd blankfein is a robber baron africans are very well and for further. evidence of this assertion of mine that they're robbing the global central banks of the credit available whatever credit remains in the system you know willie sutton said he robbed banks with the tommy gun because you can't rob a bank on charm and personality so we're going to go to a charmless guy without personality bob diamond and piece admit they let diamond slip away ahead of inquiry vote so several members of the commons treasury select committee have admitted that the banking chief was able to get away with a vase of an implausible answers during a three hour appearance before them yesterday he appeared on able to provide straight answers he repeatedly strayed off topic and at times appeared unable to unders

jamie diamond, the ceo, called the loss an isolated event. wells fargo earned nearly $4.5 billion in the last quarter. the dow starts today at 12777. check this out. a 203-point rally friday. we'll take another one just like that. nasdaq was up by 42 points and the s & p 500 was better by 22. >>> if you bought a new ford escape listen up. ford motor company is recalling the suvs. they are replacing carpet padding. ford advises anyone to take it back to the dealership where it will be fixed for free. >>> the average price for a gallon of regular now at $3.41. oil prices have been trending upward, which means an end to the drop in gas prices recently. local gas prices averaging $3.41 a gallon for regular. >>> microsoft is pulling out of the joint venture which once owned msnbc.com. it wants to own and brand its own news service. msnbc.com will now be rebranded as nbc news. long time in the making, they have been talking about that for ten years now. >> no rush really. >>> still ahead this morning, two brothers are hoping to bounce their way int

ceo jamie diamond told analysts this has shaken our company to the core. traders in london managed the botched portfolio. they were supposed to be protecting the company against risk. diamond said the managers had been dismissed without pay. he plans to take back 2 years worth of compensation from each of those executives, that includes the bank's former chief investment officer. >> until the trading loss came to light jp morgan had one of the best reputations in the banking business. it's working hard to repair that imagine. >> diamond told analysts we're not making light of this error but we think it's an isolated event. the company made a profit of $5 billion in the last quarter. that was down from a year ago but still beat wall street's expectations. >> those better than expected profits have boosted jp morgan's stock 4% in morning trading. >>> there's no need to fear new speed cam ares in baltimore -- cameras in baltimore county. police say there's a glitch. the cameras were installed in county school zones but won't be turned on today due to a techni

until recently, jamie diamond was the good guy banker.k was so well-managed, we were told and he just oozed charm. but suddenly, there are three serious scandals looming and as they say three strikes and you're out! first, chase may be at the fulcrum of the libor scandal something we just talked about with the always fascinating matt taibbi and dennis kelleher. it might be the biggest of them all. libor rates sit at the foundation of the $800 trillion debt market. simply put, this is huge. second, chase is now accused by its own brokers of selling its home-grown mutual fund products to investors as opposed to those of other companies even if they knew the other products were better. why? of course. chase would make more money on the fees and the commissions with its own products. if true, this would be a straight forward violation of fiduciary duty. something we call fraud. finally, of course, the london derivatives trade that diamond dismissed as a tempest in the teapot ballooned to $2 billion in losses and now may be $9 billion. diamond

. >> jamie diamond is back in the hot seat. the ceo has more explaining to do. hey, your high speed internet here at home... and on the go... ...with some really big news. it's b-i-g, big. high speed internet from at&t at home... includes wi-fi access on the go -- whoo-hoo! it's an unbelievable deal. it's an unbelievable deal. [ both chuckle ] well, gotta go! but, wait, there's more! [ female announcer ] go to the website below today and get high speed internet for the unbelievably low price of just $14.95 a month for 12 months with a 1-year price guarantee. it's all the speed you need at a great price. you can chill online at a park. here, pigie, pigie. [ pigeon coos ] and surf the web at your favorite bookstore. our internet at home includes access to the entire national at&t wi-fi hot spot network on the go. [ female announcer ] go to the website below and get high speed internet for just $14.95 a month for 12 months with a 1-year price guarantee. that's all the speed you need at a great price. it's an unbelievable deal, so why wait? act now! act now! like he

jamie diamond has bought the bank's stock worth about seventeen million dollars he hopes this will convince investors that the world crisis is coming to an end j.p. morgan has lost around seven billion dollars last year but managed to push the five billion dollars profit in the second quarter and now moving on to the currency market at the moment of course all the bad news is bringing the euro down and it's losing value against the u.s. dollar the russian ruble is also shedding too that currency basket to both the euro and the dollar and moving out onto. by the way it's speaking of the currencies the important thing to mention is that the euro is actually trading at eleven year low. against the japanese yen and that's following spain valencia region asking madrid for financial help that's of course. bringing investors to to their fears that the the european crisis is deepening and investors are leaving a risky assets behind really fleeing the risky assets including all the emerging markets china russia and latin america eighty one million dollars have left funds that are investing in russia

jamie diamond has bought the bank's stock worth seventeen million dollars he hopes this will convince investors that the worst of the crisis is over j.p. morgan has lost around seven billion dollars last year but managed to post a five billion dollars profit in the second quarter and let's not check out the european currency to see how it's reacting to all the bad news and what we're seeing there is that it's actually losing value although ever so slightly to the u.s. dollar and it's a hit an eleven year low against the japanese yen that's after spain's valencia region has asked madrid for something natural help fueling worries that the european price is actually deepening the russian ruble this hour is losing value to the major currencies and looking at the russian markets the situation is pretty dire there is a. well in my success chatting around one percent the r.t.s. is more than one and a half percent following in asia's footsteps and busters are basically leaving the risky assets really in the emerging markets eighty one million dollars have valente the funds that invest in of r

the man concern considered to be america's most trusted banker, jamie diamond of jpmorgan chase, thoseotch and risky trades by his bank may total a lot more than he had announced. he first said they would lose $2 billion, now that number would be more than 7 billion. diamond said today this has shaken our company to the core. >>> and now to what is being called a slow motion disaster across the united states. here is a picture that says it all. the nation's top scientists have declared the current drought is the biggest natural disaster in square mileage in u.s. history. scorched states dry as a bone, farmers gived crops to their cattle, even some cities taking emergency action. in indianapolis, it is now illegal to water your lawn or wash your car in the driveway. >>> and coming up here, a driver speeds through a red light, flies out of the air and somehow survives. why police say this video could save lives. last season was the gulf's best tourism season in years. in florida we had more suntans... in alabama we had more beautiful blooms... in mississippi we had more good times... in