Saturday, August 11, 2012

'JPM's $150 Billion FDIC Reality Adjustment' - Jamie Dimon Just Admitted To The World That JPM's Assets Are Overvalued By $150 Billion

Mark to model (i.e. mark to fantasy) accounting has replaced mark to market.  The whole banking system has cooked its books.

http://dailybail.com/home/jpms-150-billion-fdic-reality-adjustment-jamie-dimon-just-ad.html
Posted by Gaucho Greg at August 11, 2012
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