JP Morgan in BIG trouble! Bill Murphy 3/6/2009

[hugolp]

Very interesting interview with Bill Murphy from GATA.

Some quotes:

"I hate to say it but if JPMorgan goes, the US goes. Everybody in Wallstreet, CNBC is saying Morgan Morgan is so good, but its not. They are blowing up. They have over $200 trillions in derivatives." ... " JPMorgan is too big to bail"

"If Morgan goes, the whole confidence in the US finantials goes. It can be a run on the dollar"

Part 1: http://www.youtube.com/watch?v=83UUkiLyd0U

Part 2: http://www.youtube.com/watch?v=mwv_8Ao1MxY

Hugo

 

[Gary07]

BUMP. Pretty scary

 

[Thrashertm]

who the fuck is Bill Murphy? Does he have any track record or credibility?

 

[hugolp]

who the fuck is Bill Murphy? Does he have any track record or credibility?

www.gata.org

Hugo

 

[Bruno]

$200 Trillion???? Wow

 

[wgadget]

Small potatoes. I've seen several other articles claiming $700 TRILLION.

 

[danberkeley]

Arnt we suppose to be cheering the collapse of the l33t5 (elites)?