'Funny' numbers....................from Rico

It's not unreasonable to expect better numbers, and better math from a banker...especially a JP Morgan banker, and none other than Jamie Dimon the CEO. Not to mention a little 'honesty' but we do live in a "peak" period:
- Peak Debt
- Peak Marxism
- Peak Corruption
Why NOT also Peak Dishonesty?

JPM's shares just took at least a 5% 'hit' in Europe once the NYT reported that JPM's derivatives "losses" could run $9 billion.
- How many remember the May 10th comments by Dimon that losses could be $1 billion....maybe $2?
Well, it's almost the end of June so I doubt very many do by now.

I think even the $9 billion number is low, given the exposure JPM has to derivatives (and given the figure of $33 billion in loss set-asides from JPM's last Fed "stress test").
- We'll see, but it's already becoming clear that so far the numbers and the math are "funny" but while it's criminal to lie to the liars known as Congress, apparently it's OK to lie to Muppets and shareholders.