Sunday, March 6, 2011

The Wicked Witch Is Melting

I won't get my hopes too high that the gig is up for JPM. People don't realize that Bear Stearns rolled this massive short position onto JP Morgan when it collapsed, I mean was rescued. That is why Bear Stearns was "rescued" meaning assets transfered to JPM and liabilities off loaded to the taxpayer, while Lehman Brothers was thrown kicking and screaming off the cliff.

anyway enjoy the clip.

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