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What is JP Morgan

What is JP Morgan

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Published by T. Anthony Webster

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Published by: T. Anthony Webster on May 11, 2011
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JP Morgan Chase is the simply the governments’ main holdingcompany.JP Morgan Chase, as of March 31, 2008, was holding 89.99 trillion($89,997,271,000,000) in derivatives. These were mostly governmentfutures (bets on future prices). 89.99 trillion!!!!JP Morgan Chase was only holding 1.4 trillion ($1,407,568,000,000) inactual assets at the time!From: “OCC’s Quarterly Report on Bank Trading and Derivatives Activities First Quarter 2008″Table 1: NOTIONAL AMOUNT OF DERIVATIVE CONTRACTSTOP 25 COMMERCIAL BANKS AND TRUST COMPANIES INDERIVATIVESMARCH 31, 2008RANK BANK NAME TOTAL DERIVATIVES1 JPMORGAN CHASE BANK NA $89,997,271,000,0002 BANK OF AMERICA NA $37,939,665,000,0003 CITIBANK NATIONAL ASSN $37,691,434,000,0004 WACHOVIA BANK NATIONAL ASSN $4,884,775,000,0005 HSBC BANK USA NATIONAL ASSN $4,279,737,000,0006 WELLS FARGO BANK NA $1,440,229,000,0007 BANK OF NEW YORK $1,058,618,000,0008 STATE STREET BANK&TRUST CO $904,593,000,0009 PNC BANK NATIONAL ASSN $248,705,000,00010 SUNTRUST BANK $241,369,000,000*Note: 2010 2nd quarter derivatives holdings for JP Morgan Chase werelisted at $75,253,921,000,000, with only $1,568,093,000,000 in assets.
*Note: BofA and Citibank Derivatives went up to 48.5 trillion and 45.9Trillion respectively.*Note: Goldman Sachs is also now listed for 2nd quarter 2010 asholding 42 trillion in derivatives contracts, with only 95.5 billion inassets, seemingly from out of nowhere, as they are not listed on this2008 report!See all
Office of the Comptroller of the Currency (OCC)
reportshere: (http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/derivatives-quarterly-report.html) Over-the-counter derivatives traded privately between investors arelargely unregulated. The global over-the-counter derivatives market isestimated as of 2003 to have a value of $142 trillion and as of 2010 580trillion… The Fed continues to be concerned that the relatively smallnumber of institutions that act as dealers in derivatives markets may pose risks. In particular, the Fed worries what would happen “
if a bigderivatives dealer had to exit the market.
” – Alan Greenspan –2003JP Morgan is majority owned through stock investment by collectivegovernment. Collective government is simply defined as the over185,000 individual state, county, city and other municipalities, schooldistricts, pension and other funds, and other governments throughoutthe United States. Therefore, any actions by which JP Morgan partakesin and any decision this bank makes is voted on by collectivegovernment through proxy votes (stock-ownership “institutional” voting). This is called corporate governance.In fact, it is corporate fascism. All national banks are chartered. In other words, they are undergovernment law. They get away with murder because the government
allows them to. After all, banks are the governments’ most dangerous weapons!Banks are not above the law… government is. And hilariously to our government keepers I’m sure, we continue blindly trying to fight this corrupt system of government from within theconstraints of its own imposed laws, while government continues tooperate well outside of the very laws it sets, regulates, and enforces uponus. We are mice caught in a maze with no exit. For the game is rigged by thegatekeeper.Here is just a short and quite incomplete list of individual stock ownership by “collective government” in the corporation JP MorganChase. Note that this is only a handful of pension funds, which arecomponent units of their prospective “state, county, or city governments” and which took me many, many hours of research to find.These are simply listed as part of the top 10 equity investments held oneach governments’ most recent comprehensive annual financial report(CAFR). You can pull each one up yourself, as they are governmentdocuments required by federal law. Also note that this does not take intoconsideration each governments’ other investment fund totals, for whichall governments invest in as a whole (mutual funds, foreign currency funds, real estate funds, Fortune 500 and S&P Funds, domestic andinternational corporate bonds, some preferred stock holdings, privatecorporate or equity investment funds, etc…) which also hold these stocksin JP Morgan Chase. Also, some reports don’t list the number of shares, just their value or percentage of total equities held in the fund – thoughit would be easy to fill in the blanks…
JP MORGAN CHASE STOCK HOLDERS:SHARESOWNED:$VALUE OFSHARES:Alaska Public Employees RetirementSystem61,477,033Arizona Public Safety PersonnelRetirement System580,81519,811,610California Public Employees RetirementSystem (CalPERS)11,096,822378,513,000

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