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Message: interesting note in tonight's MIDAS report on JPM

interesting note in tonight's MIDAS report on JPM

posted on Jan 13, 2009 01:28PM

Hi Bill
I find it very interesting that JP Morgan has moved up their "earnings" release to Jan 15th when it was scheduled for Jan 21st.

http://blogs.barrons.com/stockstowat...
-jpm-changing-release-dates/?mod=yah...



Now I'm no conspiracy guy (who am I kidding) but the fact that the Obama administration takes control on Jan 20th is a little more than suspicious.

For the past 8 years JP Morgan has enjoyed the Bush Administration whitewash accounting ability because they were a partner in the war on terror. Using special provisions in the Patriot Act, JP Morgan was legally able to cook their books and not report according to US GAAP under the guise of "National Security Issues". Included in this, of course, was immunity from prosecution in the commodity rigging operations.

By moving up their earnings report, I believe JP Morgan is using their final "Get Out of Jail Free" card under the Bush Administration becasue the new administration may not continue the financial cover-ups.

If this is true, the game may be over sooner than people expect.

We are close....AGAIN!
Bix

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