JP Morgan: Banks’ Leverage Ratio in Question

If Chase had actually bought more than $300 billion in WAMU portfolio loans they wouldn’t have a problem. But they didn’t buy the loans as explained by New York Judge Shack a few days ago. They just CLAIM it and most Judges accept that as true and the Judge is giving Chase a gift of a mortgage and property in foreclosure when they neither signed anything nor paid anything for WAMU’s loans. AND they have sparse information on which loans were sold off into the secondary market but the the FDIC receiver for WAMU admits that it was not quantified but his estimate was $700 Billion.

Add to that the fact that they are claiming WAMU loans on their balance sheet and carrying the bonds of asset pools claiming ownership of the loans and you have a triple dipping into an empty asset pool. At 4.7%, they fall short of the minimum.Deduct the false assets on their balance sheet and the percentage drops to 4.3% —- meaning the bank should be broken up and resolved. Add the liabilities for over payments due back to investors and borrowers and you end up with under 2.5% — i.e., worse than the market crash in 2008.

They can hire all the writers they want to plant favorable articles about bank earnings. And they can continue to apply pressure to get this blog out of business. But in the morning I will still exist and their balance sheet will be ugly.

See New York Time s Dealbook: Don’t look so surprised that they are lying and that the lies are living through agencies and regulators who are currently accepting these reports with increasing skepticism. —-

QUESTIONS ON JPMORGAN’S CAPITAL On a conference call on Friday, there was one number that JPMorgan Chase’s chief financial officer, Marianne Lake, seemed to not want to reveal, DealBook’s Peter Eavis writes. The call came after regulators proposed a new leverage ratio rule, in an effort to get large banks to hold capital that meets a certain percentage of assets, plus other risks embedded in their balance sheets. At the JPMorgan parent company, the leverage ratio would effectively have to be 5 percent, while regulators want the ratio to be 6 percent at the banking subsidiaries that are covered by federal deposit insurance, Mr. Eavis writes.

JPMorgan Chase estimated on Friday that it was already close to meeting the 5 percent requirement at its holding company, saying it had enough capital to get to a 4.7 percent leverage ratio there. “Naturally, analysts also wanted to know whether JPMorgan Chase’s deposit-gathering subsidiaries, which are far larger than the holding company, were close to meeting the 6 percent requirement,” Mr. Eavis writes. But Ms. Lake said she would not disclose the bank leverage ratio, adding that it was lower than at the holding company.

15 Responses

  1. As a result of the foreign KORPORATE hedonist whore invading our private parts without notice….every American may want to test themselves for STD’s….!

  2. J.P. MORGAN IS A PROSTITUTE WHO HIRES SLUTS TO WORK FOR THEIR KORPORATE WHOREHOUSE ON WALL STREET AND JAMIE DIMON IS THEIR PIMP….!

    BREAKING NEWS….VLADIMIR PUTIN WANTS TO STEAL OUR INTERNET VIA HIS EVIL UNDERLINGS AKA THE POLITICIANS….!

    READ ABOUT THAT AN MORE PLANS OF THE KORPORATE INFIDELS AND THEIR EVIL LITTLE UNDERLINGS HERE….
    http://www.fourwinds10.net/

  3. TIME TO DEMAND OUR HIJACKED LIBERTY BE REPATRIATED TO WE THE PEOPLE OF THESE UNITED STATES…!

  4. THESE KORPORATE AMERIKA THUGS …THESE FOREIGNER IMPOSTERS ARE NOT ONLY SATANISTS/HEDONIST/UTILITARIANS ….. THEY ARE BRAGGARTS …LOOK AT THE DOW IS AT AN ALL TIME HIGH BECAUSE THESE FOREIGN HEATHEN LIBERTY STEALERS ROBBED ALL OF OUR WEALTH UNDER FALSE PRETENSES…..!

  5. Are we in kindergarten at this blog now..? WTF?

  6. I am forwarding this to you so you can tell your mom about it. She should talk to her attotney about this.

  7. That means these third party imposters are in fact robbing us.

  8. If the trust does not exist bilayja THAT MEANS these COPIES ARE uncertificated …..SECURITIES FRAUDS…. they are sending upon us to steal our properties or money. That means both the note and the mortgage are SECURITIES FRAUDS. These third party imposters are therefore…BIG FAT FELONS.

  9. It’s about time

  10. Carpenter vs Logan 1867 once satisfied a mortgage does not exist but the debt may still

    Sent from my iPhone

  11. They are unsecured debt

    Sent from my iPhone

  12. Smacked a 3rd party debt collector for a WAMU credit card that Chase took over and of course had incorrect balance, fees , etc. Went to court , did not back down to his mediation intimidation and went in front of judge and beat him down in less than 15 minutes. TKO.

    YOU ALL SHOULD AND CAN DO THE SAME. JUST THINK OF JAMIE DIMINS SMUG FACE BEFORE YOU WALK INTO COURTROOM. YOU WILL FIGHT HARDER IF YOU DO. FUCK YOU JAMIE !

  13. There all broke The assets are not assets They are ins Ca

    Sent from my iPhone

  14. Finally, we see through the veil of the bank’s double and triple dipping on assets they do not own.

  15. As my fight is with Bank of America, I am #179390507, the beginning was caused by Chase & myself in that I paid my WAMU credit cards late due 12/08 paid 1/09, this started the spiral spins into the banking world Chase took the 2 cards from 6.95% to 28.95%. I called each month asking to have interest rate lowered and finally after 6 months a woman Banker said “Ms. McDonald we do not have to help you”. Her honesty not the action I wanted, I did work out these 2 cards, One with an attorney and One I negotiate on my own, I did a much better job, it’s over. Why was I late, well my dear Mother has helping me financially,she had a stroke 12/08 and I was on interferon treatment unable to function or read a banking statement. My sister took it as a good time to stop having Mom give Judith assistance, I learned then mortgage coming directly from was the sum of SSDI, my Mom was covering other debt, God bless me with Mildred Mc Donald.
    Now folks this is a few months of life in 2009, after I tun 4 business when healthy,Board of Directors various and one year business person of the year, Showcased with SBA in all States as Fleet Banks first loan in Delaware I worked my life to do good and be the best, with more than this but enough bragging. I called Bank of America every month in 2009 and that is my work to this day.
    Thank you for the platform to share a piece of my story.

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