
Sunday, 30 September 2012
JPM is ticking right along.....................from Rico
Does anyone still remember JPM's 'London Whale' Iksil from last April-May 2012?
- The 'maybe' it'll cost a couple billion mistake?
I remember doing the math at the time, and even then the real number looked a lot more like $5 billion than the two being claimed, and since then JPM has actually said that at most $10 billion was at risk from the London CIO portfolio (many 'missed' that, but since FTV hasn't really reported on it that's understandable).
- Here's something very few others have figured out: Iksil's $10 billion risk has already become a $100 billion exposure (JPM sold CDS protection from 2013-2017 betting the economy wouldn't get worse over the next four years) and Bloomberg is saying that JPM's illiquid derivatives could run $350 billion. Ooooops! That would certainly explain Ina Drew's departure/firing from JPM's London CIO better than a few billion dollar loss would.
These 'bum' positions are not unwound/closed, and these leveraged speculative bets could result in losses for JPM that exceed their assets.
Uncle Warren Buffet's financial weapons of mass destruction are ticking underneath JPM right now...

From
Theo Spark
at
10:30
0
comments
Ahead of the Curve: Is Jordan Next?..............from Dan Friedman
[This is from the Carnegie Endowment, the liberal international think tank. It chronicles the growing power of the Muslim Brotherhood in Jordan, but since it’s liberal, it concludes smugly: “For most Jordanians, no matter how flawed they believe their political system to be, it beats dodging bullets.” Wanna bet? df]
Carnegie Endowment for International Peace, September 27, 2012
Disquiet on the Jordanian Front
By David Fox and Katrina Sammour
From
Theo Spark
at
10:26
0
comments
The Sunday Best...........
Nicole Kidman, Brad Pitt, and Sofia Vergara?
A muslim compatible america, and an islam promoted to equal stature on the dias, with america ....
BLACKFIVE: A Small Point on that 'Military Report Card'
New Evidence Links Russia to Turkish Jet Incident
A rare apology in the Middle East. Cherish it.
Obama and some of his supporters dabbled in outsourcing
Good news: Fed govt making yet another solar "investment" on our behalf
WaPo ombud: Say, there aren't many conservatives in our "news" section, huh?
Preview of Univision's "bombshell" report on Fast & Furious
New year lay-offs: Army to fire 8,000 soldiers in 'fast-track' redundancies and sackings of over-45s
'Likeability’ is the bane of modern politics
Strasbourg opens door for new militant strikes
Venezuela's marathon man looks to run down Chavez
Cowes to Monte Carlo powerboat race to make a comeback
€1.2bn and still rising: cost of 'icon’ towers for EU’s bankers
Syria despatch: meeting Assad's snipers as they fight rebels in Homs
Election in Georgia A Battle between Dictators and Dreamers
Iranian techs help Syria with chemical weapons, could end up with Hezbollah
Muslim leaders say call for global ban on anti-Islam ‘hate speech’ is not attack on free speech
Vote ‘President by Proxy’ Valerie Jarrett out of office on Nov. 6
WashPost: Security at Libyan Consulate “Lax”
Kenya children hurt 'in church grenade attack'
Libyans hand over hundreds of weapons to army
and finally.........
Fall planting, more
From
Theo Spark
at
10:22
0
comments
Saturday, 29 September 2012
Must watch: Pat Caddell on how the MSM is a clear and present danger to our democracy!...from Mike Haltman at TPC
Lacey Banghard Swimsuit Photos Celebrate the Never-Ending L.A. Summer
Yeah, the weather's been great. It's bikini heaven, and this lady thinks that's even too much clothing.
See: "Thank God It’s Funbags! Lacey Banghard Never-Ending L.A. Summer."
If you recall, Ms. Banghard's got a phenomenal pair of breasts. She's fabulous.
From
AmPowerBlog
at
22:33
0
comments
Shepard Smith Apologizes After Fox News Accidentally Broadcasts Live On-Air Suicide
A very dramatic television event, and graphic.
See: "Shepard Smith Apologizes After Fox News Broadcasts Live Car Chase Suicide."
There's video at the link (content warning).
From
AmPowerBlog
at
22:20
0
comments
Late News..............
Obama administration tries to block sequester layoff notices
Joint Azeri-Turkish Military Unit Being Planned
Indonesian New Stealth Trimaran Destroyed In Flames
"Black Bishop Launches Brutal Attack Against Democratic Party"
Missing WWII airman buried at Arlington
Islamists in Somali port holding out
Iranian: 'Our money is becoming more and more worthless every day'
Is samuel l. jackson a racist for having made his little film? oh, yeah ....
Union Contract: Teachers Can Be Caught In School Drunk Five Times And On Drugs Three Times Before Being Fired
From
Theo Spark
at
21:05
0
comments
The Japanese "Bagel Heads!" (Video)...from Mike Haltman at TPC
The human social condition in all of its glory with a video of a Japanese beauty technique known as bagel heads and the person known as the Vampire Woman!
Watch and read the article at The Political Commentator here.
Campaign Analysis........................from Shelly
It is complicated. One has to drill down to the metrics of the pollsters to understand weighting of results.
The weighting is done after the polling by adding value based upon a first, a backward look at the turnout for a previous election. The recent NY Times poll of Florida, for instance, the turnout was +3 for Democrats in the 2008 election, and the turnout for the 2004 election for the Republicans was +5. (for Demos, -5)
Then, the pollster tries to project what the turnout will be in the 2012 for Democrats vs. Republicans. What the NY Times did was give the Democrats a +9!!!!
The 2008 election was an anomaly. The turnout was huge for Obama, bigger than ever before. But remember what happened in 2010? Obama and the Democrats took, (in his own words) "A Shellacking".
Does anyone really think the Democratic turnout in Florida will be THREE times the 2008? No way. It will be somewhere between +3 and -5.
Same analysis applies to Ohio and other swing states. Karl Rove and Rasmussen have all three as tossups (Ohio, Florida and Virginia). As those three go, so will the election. If Rove says it isn't over, it isn't over.
So, watch the debates. Shorter answers required (not the president's forte; he likes to pontificate) and NO TELEPROMPTERS. The first will be domestic policy. Who knows the numbers better?
That's October 3 Jim Lehrer will moderate.
The debate will focus on domestic policy and be divided into six time segments of approximately 15 minutes each on topics to be selected by the moderator and announced several weeks before the debate.
The moderator will open each segment with a question, after which each candidate will have two minutes to respond. The moderator will use the balance of the time in the segment for a discussion of the topic.
Then, October 11 is VP Debate covers domestic and foreign affairs. Think Biden or Ryan knows policy better? I'd bet the farm on Ryan.
Then, October 16, Town meeting covering foreign and domestic policy; and
Finally, October 22 - Foreign Policy - same format as October 3.
They will be streamed on the Internet I think.
I think Romney will be super prepared and then unleash the money he has been hoarding trying to time the peak at the election on November 6. He has twice the amount in hand that Obama does, as Obama has been burning at twice the rate of Romney.
We will see if Romney is the legendary planner and manager that he holds himself out to be. If he is, he will be President.
But one thing for sure; it ain't over yet, even if the mainstream media wants you to think so.
From
Theo Spark
at
10:07
0
comments
News...........
Marine Corps Fans, Steer Clear
Samuel l. jackson just fires the first shots in an american cultural civil war ....
More Americans will be put in danger if the media doesn't start challenging the White House on Libya
FBI probe in Benghazi as close as 400 miles away
Defense delays sending mortars commanders urgently seek
U.S. Troops Deployed in Iraq Again
Yep: France goes for the gold with a 75 percent income tax on high earners
Boldly Into The Breach
Barack Obama: Slacker-in-Chief
Obama Holding Onto Liberal Jewish Voters Despite Israel, Iran Concerns
Iran vows enemies will not survive
Democrats: Investigate Benghazi Attack After the Election
Obama Picks Up a Crucial Demographic
Solved after 70 years: The mystery of the missing Lancaster bomber crew
The last two Jews in Kabul fight like cat and dog
Phantom Savings - Obama’s debt-reduction plan is filled with gimmicks
Fordo sabotage enabled Netanyahu to move Iran red line to spring 2012
World’s Villains Flock to Endorse Obama
Skirting Obama booby traps on the march of the last mile
Top Ten Reasons Obama Won’t Meet with Netanyahu
and finally........
Revelatory Expectations of an Inept President
From
Theo Spark
at
10:05
0
comments
Week in Blogs: President Eye Candy Visits 'The View'. Plus, Racism Wears...
The President wants you to know that he has better things to do than deal with an economic crisis in Europe and rage in the Middle East. He would rather be "eye candy" for the ladies on The View. Chris Matthews gets the Bush unemployment numbers wrong, and Michelle Obama tries to starve school children, all on this Week in Blogs with Stephen Green.
From
Theo Spark
at
08:28
0
comments
Why is Israeli P.M. Benjamin Netanyahu flashing a Nazi salute at the U.N.?...from Mike Haltman at TPC
Friday, 28 September 2012
Poll: Who will win in November?
Editors Note: As an Englishman, I hate to say it but Obama has had enough time to rig the polls in the swing states, if he is re-elected things will only get worse. Expect some military 'action' before the election to boost his credentials. It is bad enough that we have a limp-dicked liberal (who pretends to be a Tory) wrecking my country, but if Obama gets back in we had all better have a plan B.
From
Theo Spark
at
23:29
1 comments
Wake the F*ck Up! - A Rebuttal (NSFW!)
Ed'd Note: Another Dumbass actor with more money than brains........
From
Theo Spark
at
23:17
0
comments
Obamanomics Revealed: Obama Borrowed $48 Million Per Net Job Created. Pl...
The Obama Administration claims to have created a net 125,000 jobs during his presidency. At $48 million per net job created, Scott Ott wonders whether it was worth the money. Hear about this story, plus Israel's Bibi Netanyahu's "Red Line" policy with Iran, and the newly discovered comet that is making its way through the solar system, on this PJ News Break.
From
Theo Spark
at
23:14
0
comments
Late News...........
Intercepts showed AQ terrorists celebrating success hours after Benghazi attack
Liberal media bias: worse than ever?
Too bad to check: Anti-US oil production film financed by Middle Eastern oil producers?
Osprey Protesters Block Base Gate in Okinawa
Time: WH sticking to "spontaneous" attack story, kind of
It’s the Gas Prices, Stupid
Western Courts Bend to Islamic Practices
Iranian Satellite Blew Up after Liftoff
US Consulate to temporarily move to Arbil
Postal Service to default on second $5B payment
77 people killed and injured in a preliminary outcome of storming Tasfirat Tikrit prison
As the UN opens its General Assembly session, it is already thinking up new global taxes
George Soros Panics About Romney Win, Mother Jones Scrubs Story
US Withdraws More Staff from Tripoli Embassy
Spokeswoman: Obama Too Busy For Debate Prep
You stay classy, Utah Democrats
Hillary Says Goodbye to 2016 Chances
People Died, Obama Lied
Iran fooled by US satirical website The Onion
African Union assault on Islamist strongold in Somalia
Syrian rebels bombard Aleppo
Analysis: al-Shabaab will already be planning its next move
Vladimir Putin gives Hugo Chavez a puppy
From
Theo Spark
at
21:05
0
comments
Sleepy Man Banjo Boys - Earl Scruggs Tribute at Ryman Auditorium
We were honored to kick off 'Foggy Mountain Breakdown' at the 2012 IBMA awards show in memory of our banjo hero, Earl Scruggs. Thank you to the IBMA, the Scruggs family, Steve Martin, and fellow banjoists for allowing us to be part of this special event!
From
Theo Spark
at
17:49
0
comments
NRA - LOD: Frontlines Kosovo: Full Episode
Unknown to many Americans, there are U.S. troops still stationed in Kosovo to this day. In a land of ancient rivals and decades of violence, they remain to assure the people of Kosovo that their lives and the lives of their loved ones may be lived without fear.
H/T Alyssa
From
Theo Spark
at
17:19
0
comments
FLASHBACK: Free gas and no mortgage payments!...from Mike Haltman at TPC
"Perilous Times": Compelling video look at US-Israel relations since the Obama inauguration!...from Mike Haltman at TPC


























































