Here's a conspiracy theory. The Fed will have to have a sacrificial lamb today. If they print, PMs go up and that kills JPM. If they don't Morgan Stanley dies. They don't print, and MS dies and that's used as a 'sell off for liquidity' excuse like with Lehman and BS to drive PMs down and save JPM's butt.
Looks like its the banks turn to get a spanking today, I wonder when the PPT will be deployed.
ReplyDeleteAre things like this not reason enough for the Bernank to unleash liquidity from the heavens?
ReplyDeleteYeah seems a little coincidental doesn't it??
ReplyDeleteHere's a conspiracy theory. The Fed will have to have a sacrificial lamb today. If they print, PMs go up and that kills JPM. If they don't Morgan Stanley dies. They don't print, and MS dies and that's used as a 'sell off for liquidity' excuse like with Lehman and BS to drive PMs down and save JPM's butt.
ReplyDeleteWhoa Yeah! Whoa, Yeah! Everythang, gonna be alright this morning...Oh, Yeah! Whoooo!
ReplyDeletehttp://www.youtube.com/watch?v=x8LesTvNuaw