JPM's $150 Billion FDIC Reality Adjustment

JPM's $150 Billion FDIC Reality Adjustment

By cmaukonen on Sun, 08/12/2012 - 11:19pm |

It's easy to see on the PDF:

http://www.law.harvard.edu/programs/about/pifs/symposia/europe/baer.pdf

Go to page 9. Under the wipeout scenario JPM describes a $50 billion trading loss turning into a $200 billion loss as soon as the FDIC takes over. Why... ? Because JPM says they would expect the FDIC to immediately writedown JPM's assets by an additional $150 billion.

Holy mark to bullshit. Jamie Dimon just admitted to the world that JPM is mis-marking assets to the tune of $150 billion.

[WTF ? And you have to just know that those other ...ahumm....baks are in just as bad a shape.]

URL:

http://dailybail.com/home/jpms-150-billion-fdic-reality-adjustment-jamie-dimon-just-ad.html