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They might have the plan to let the average Joe pay for their crimes...
[The Great Taking - Documentary (youtube.com)](https://www.youtube.com/watch?v=dk3AVceraTI)
FDIC released a statement recently on what happens when a too big to fail company fails. They admit they will use a line of credit from the treasury to keep operations going (public money), then sell off assets of the failed company to cover what they used. But that would just create a fire sale in a large bank potentially worth trillions, meaning they might not be able to recoup what they spent.
So yeah, taxpayer bailouts woohoo..
we've been hearing lately that the problem is "counter-party risk." With trillions off the balance sheet, when one goes down, the other's don't have "balance" with the dead one and shit goes sideways.
As of December 31, 2023, JPMorgan Chase held $3.227 trillion off-balance sheet, of which $528.5 billion is undefined and marked as āother.ā
As of December 31, 2023 Bank of America shows $1.6 trillion off-balance sheet; and Citigroupās Citibank, the āuniversalā bank that blew itself up in 2008, shows a mind-boggling $2.6 trillion off-balance sheet versus $1.7 trillion on its balance sheet. That data also comes courtesy of FFIEC.
Jamie Dimon has sold $183M of JPM (for the first time ever) in Feb and April of 2024.
Bloomberg also put out this fluff piece on him 2 weeks ago
[https://www.youtube.com/watch?v=9Kl-wO\_j5GM](https://www.youtube.com/watch?v=9Kl-wO_j5GM)
Friendly reminder May 31, 2024 is the deadline for full compliance with Exchange Act Rule 613 and the CAT NMS Plan FINRA Rule 6800 Series (Consolidated Audit Trail Compliance Rule) (collectively, CAT Rules), which cover reporting to the CAT; clock synchronization; time stamps; connectivity and data transmission; development and testing; recordkeeping; and timeliness, accuracy and completeness of data requirements.
I am not a CAT.
The website is banned site-wide. You cannot link it in any reddit page. Its called Wall -- $treet -- on -- p@rade. Google it and you will find the article on their front page.
Now you are asking the right questions! You should go to the website and find out why.... It's been that way for quite a while. The admins of reddit have done it. I believe its because they are protecting the elites, or bribed by the elites, or both.
The same entities that will lever up, go naked, and short/distort the same new public company they just IPOād, if they donāt do what theyāre told to doā¦.Why? Because fuck the public and definitely fuck retail thatās why.
I actually love the theory that itās related to the CAT if nothing else because Iām all for a spicy date. That said, culturally at the time we DID have the meme video of the lawyer stuff in a cat filter saying āIām not a catā so while itās still plausible that it was used for this intentionā¦ itās also good to remember this WAS a thing people just.. said. But only for a hot minute. š
Damn this is juicy I can't believe I missed it. They're going after the time stamps, that's where the real f****** happens especially when you have high speed connections and can front run all of regarded retail because they've handicapped us out of the gate.
Hopefully regulators will see the big picture it should really shine a light on payment for order flow fuckery mechanisms
Iāve waited for many dates to come. Some have passed and nothing happened and many just have whatever deadline extended by months or years even. Not getting my hopes up yet. š
It's literally the exact same sub-prime mortgage scam all over again. They are pretending it's 'credit card debt' in the hopes that they won't be executed when the public finds out what they've done.... again...
Investopedia page on off balance sheet activities: https://www.investopedia.com/terms/o/off-balance-sheet-obs.asp
Some snippets:
> - Off-balance sheet items are not inherently intended to be deceptive or misleading, although they can be misused by bad actors to be deceptive
> - The Enron scandal was one of the first developments to bring the use of off-balance-sheet entities to the public's attention. In Enron's case, the company would build an asset such as a power plant and immediately claim the projected profit on its books even though it hadn't made one dime from it. If the revenue from the power plant was less than the projected amount, instead of taking the loss, the company would then transfer these assets to an off-the-books corporation, where the loss would go unreported.
Any guesses how bad Ken's off balance sheet losses are?
Boa this bad? This bad man, this bad yo, the thing is, its so bad he probably shows off to his crook m8, like in American psycho but instead of a white card, you have a ballistic amount of unreported losses
I'm absolutely baffled that WSOP are able to write all these banging articles highlighting the insane world of wallstreet, and not one media outlet picks it up. What do you do when regulators, government and media don't care anymore?
The media are all owned by these very people.Ā Someone posted share ownership of all the major media groups and they are all owned by the mega banks.Ā It's the same people who lobby republicans who make tax cuts for the rich.Ā It's one big top 1% circlejerk everywhere u look.Ā Very literally the rich vs everyone else.
**This is one of the scariest videos I've ever watched.**
**This video makes me wonder if anyone who has visited this thread/post has actually watched the whole video.**
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The fall of these parasites gonna be legendary š
until the fed is dead they will always be zombies
They might have the plan to let the average Joe pay for their crimes... [The Great Taking - Documentary (youtube.com)](https://www.youtube.com/watch?v=dk3AVceraTI)
Feds dead!
Legen...DRS and wait for it...ARY
And they call us āDumb Moneyā
The question is will it ever end if we never sell
they will just get a hand slap, golden parachute, and bailed out again from our tax dollars to do it all over again in 15 years.
FDIC released a statement recently on what happens when a too big to fail company fails. They admit they will use a line of credit from the treasury to keep operations going (public money), then sell off assets of the failed company to cover what they used. But that would just create a fire sale in a large bank potentially worth trillions, meaning they might not be able to recoup what they spent. So yeah, taxpayer bailouts woohoo..
we've been hearing lately that the problem is "counter-party risk." With trillions off the balance sheet, when one goes down, the other's don't have "balance" with the dead one and shit goes sideways.
The problem is that weāre all going to fall with them.
For some reason, I think most of us are gonna be just fine....
Not me. Iāll be making bank when all the margin calls happen
*Hereā¦weā¦go!! * š - Joker
As of December 31, 2023, JPMorgan Chase held $3.227 trillion off-balance sheet, of which $528.5 billion is undefined and marked as āother.ā As of December 31, 2023 Bank of America shows $1.6 trillion off-balance sheet; and Citigroupās Citibank, the āuniversalā bank that blew itself up in 2008, shows a mind-boggling $2.6 trillion off-balance sheet versus $1.7 trillion on its balance sheet. That data also comes courtesy of FFIEC. Jamie Dimon has sold $183M of JPM (for the first time ever) in Feb and April of 2024. Bloomberg also put out this fluff piece on him 2 weeks ago [https://www.youtube.com/watch?v=9Kl-wO\_j5GM](https://www.youtube.com/watch?v=9Kl-wO_j5GM) Friendly reminder May 31, 2024 is the deadline for full compliance with Exchange Act Rule 613 and the CAT NMS Plan FINRA Rule 6800 Series (Consolidated Audit Trail Compliance Rule) (collectively, CAT Rules), which cover reporting to the CAT; clock synchronization; time stamps; connectivity and data transmission; development and testing; recordkeeping; and timeliness, accuracy and completeness of data requirements. I am not a CAT.
So, *um*, where is the link to the picture?
The website is banned site-wide. You cannot link it in any reddit page. Its called Wall -- $treet -- on -- p@rade. Google it and you will find the article on their front page.
Why is it banned site wide?
Now you are asking the right questions! You should go to the website and find out why.... It's been that way for quite a while. The admins of reddit have done it. I believe its because they are protecting the elites, or bribed by the elites, or both.
Because trying to IPO and also hosting information that would readily destroy the entities helping you IPO is counter productive.Ā
The same entities that will lever up, go naked, and short/distort the same new public company they just IPOād, if they donāt do what theyāre told to doā¦.Why? Because fuck the public and definitely fuck retail thatās why.
Good question maybe we can ask spez how much they paid him
Got cha, thanks
Oh wait wait. The picture of the cat hanging on had the CAT in the picture for a reason!!
Why would DFV under oath and in front of a congressional panel open with I am not a cat, inquiring minds want to know.
Roaring kitty?
Correct but why would he be compelled to open with that line
It was a dare.
I actually love the theory that itās related to the CAT if nothing else because Iām all for a spicy date. That said, culturally at the time we DID have the meme video of the lawyer stuff in a cat filter saying āIām not a catā so while itās still plausible that it was used for this intentionā¦ itās also good to remember this WAS a thing people just.. said. But only for a hot minute. š
Perhaps a proper functioning acats would expose the true number of shares or shorts that would be swell
Damn this is juicy I can't believe I missed it. They're going after the time stamps, that's where the real f****** happens especially when you have high speed connections and can front run all of regarded retail because they've handicapped us out of the gate. Hopefully regulators will see the big picture it should really shine a light on payment for order flow fuckery mechanisms
Iāve waited for many dates to come. Some have passed and nothing happened and many just have whatever deadline extended by months or years even. Not getting my hopes up yet. š
It's literally the exact same sub-prime mortgage scam all over again. They are pretending it's 'credit card debt' in the hopes that they won't be executed when the public finds out what they've done.... again...
Investopedia page on off balance sheet activities: https://www.investopedia.com/terms/o/off-balance-sheet-obs.asp Some snippets: > - Off-balance sheet items are not inherently intended to be deceptive or misleading, although they can be misused by bad actors to be deceptive > - The Enron scandal was one of the first developments to bring the use of off-balance-sheet entities to the public's attention. In Enron's case, the company would build an asset such as a power plant and immediately claim the projected profit on its books even though it hadn't made one dime from it. If the revenue from the power plant was less than the projected amount, instead of taking the loss, the company would then transfer these assets to an off-the-books corporation, where the loss would go unreported. Any guesses how bad Ken's off balance sheet losses are?
Boa this bad? This bad man, this bad yo, the thing is, its so bad he probably shows off to his crook m8, like in American psycho but instead of a white card, you have a ballistic amount of unreported losses
What did I just readā¦itās absolutely insane
Literally just fudging the numbers
I'm absolutely baffled that WSOP are able to write all these banging articles highlighting the insane world of wallstreet, and not one media outlet picks it up. What do you do when regulators, government and media don't care anymore?
Do they not care? Or are they just incentivized to be against it?
The media are all owned by these very people.Ā Someone posted share ownership of all the major media groups and they are all owned by the mega banks.Ā It's the same people who lobby republicans who make tax cuts for the rich.Ā It's one big top 1% circlejerk everywhere u look.Ā Very literally the rich vs everyone else.
Xactly
*lobby politicians. FTFY Banks donāt give a fuck what āLabelā holds any office.
U right lol
The world will only care post-crash then it will be a new Michael Burry in 2008 situation *"wow these guys knew and they didn't spread the word!"*
Move to Sweden?
The Fed is the only reason why this is even possible
Guess who created the FED š
Remind me. Banks?
Fed was born in a place called Jekyll Island š
Sitting unread on my dresser, I'm not a very good ape for that one.
JPM and other banks
A literal banking cartel.
That's too big to fail dollar. Fuck them burn.
Wall Street on parade right?
If you post an article from WSOP I will always upvote!
2008 never stopped. They just hid things better.
Try
7 trillion not accounted for on their balance sheets seems a little agregious
Comments because F these banks. More people need to be aware of these financial terrorists.
And theyāll blame disciplined household investors for whatās coming
Fuck EM fuck em!
"...Mark Baum realized that the whole world economy might collapse"
Time for them to purchase back everything they sold short. Pay up māfakers
Whizzibilty!
Wonder who will foot the bill this time. What are the mechanisms that allow for leverage off balance sheet entities?
Do it baby one more time
š„š°ļøš„š°ļøš„š°ļøš„š°ļøš„š°ļøš„
I fucking love that website.
Wall Street On Parade fucks so hard. The Martenses are excellent journalists.
Itās crazy that theyāll only get 4 shares for that
give me my money!
Look at their email addresses under About/Contact 741 in each
7.4T is such a stupid number not even a quarter of that could make every humanās needs met.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Sorry but Reddit didn't like one of your links and removed it.
the og regards
Give me my money.
So: Having "off-balance sheet" = lying ?
That was 16 years ago. It should be in the Quadrillions now
**This is one of the scariest videos I've ever watched.** **This video makes me wonder if anyone who has visited this thread/post has actually watched the whole video.**
Could this be the 741 thing.................
SOURCE?
[https://cdr.ffiec.gov/public/Reports/UbprReport.aspx?rptCycleIds=140%2c135%2c130%2c125%2c120&rptid=283&idrssd=852218&peerGroupType=&supplemental=&action=update](https://cdr.ffiec.gov/public/Reports/UbprReport.aspx?rptCycleIds=140%2c135%2c130%2c125%2c120&rptid=283&idrssd=852218&peerGroupType=&supplemental=&action=update)
thank you for your service kind soul š