No, it should, but they’ll keep it propped up as long as they can, making the inevitable collapse far worse than if they let it happen organically.
"When you see one cockroach, there are probably more, and so everyone should be forewarned of this one,” JPMorgan CEO Jamie Dimon warned on a call with analysts on Tuesday.
Dimon has always been Wall Street’s most quotable bank boss, chiefly because he says what he thinks and has the ability to shoot straight when he’s minded to.
JP Morgan is big and ugly enough to weather any storm. It is far too big to fail, but it is also far too big to be troubled by a cockroach of a car parts maker.
Shut the fuck up and give us the fucking Epstein Peter Thiel records you fucking cockroach! 🪳
“woter u libturds even protesting?”
haha wow
So you are saying it’s not impossible?
😋
They’ve predicted the last 21 out of 4 crashes.
Does anyone have faith in the markets anymore? The stock market has become nothing more than a tool where the rich get to fiddle with the knobs to knock out more capital at the expense of the rest of the citizenry.
Yes, the rich are taking another bite. They will prop up the market and do it again i. 2-3 months. This can’t last forever.
But the week ended on a decidedly sour note. The prophets of doom have been abroad of late, but until now much of their attention has been focused on America’s giant tech sector and the vast piles of money it is throwing into AI, with little enough to show for it.
What would we ever do without our benevolent overlords!?!
Praise be to God for willing them to lead the huddled masses, and save us from our impulsive instincts that would inevitably lead to poor decision making that fucks over all of society!
Trump administration gives initial approval to bank backed by GOP megadonors
On Wednesday, the Treasury Department’s Office of the Comptroller of the Currency announced that Erebor Bank, the “Lord of the Rings”-named bank co-founded by Luckey and backed in part by Thiel’s venture capital fund, has received conditional approval for a national bank charter. The approval is contingent upon the bank’s applying for stock in a Federal Reserve bank and obtaining deposit insurance from the Federal Deposit Insurance Corporation.
TL;DR it’s about the FTSE, and the reporting is about lax (read:corrupt) regulatory functions allowing business to rack up billions in debt then declare bankruptcy as a device to make money.
Yup
