Jp Morgan Quotes

The first step towards getting somewhere is to decide that you are not going to stay where you are.

Millionaires don't use Astrology, billionaires do.

A man always has two reasons for what he does--a good one, and the real one.

Well, I don't know as I want a lawyer to tell me what I cannot do. I hire him to tell how to do what I want to do.

Go as far as you can see; when you get there, you’ll be able to see farther.

A man has two reasons for doing something; a good reason and the real reason.

Do you honestly think Lenin is any different from J.P. Morgan? That you, if you were given absolute power, would behave any differently? Do you know the primary difference between men and gods?...Gods don't think they can become men.

JP Morgan spelled it out: for neoliberalism to survive, democracy must fade.

Gold is money, everything else is credit.”- JP Morgan

Every Spring, nature teaches a class on business entrepreneurship. ....We see how capital is re-allocated, currencies are re-directed, growth is re-emphasized, and numerous life forms promote their value with re-vitalized marketing programs that implement flowers or seeds or aromas or habitability or pollination in an effort demonstrate a unique value proposition in a busy economy.

The first step towards getting somewhere is to decide you’re not going to stay where you are. —John Pierpont “J.P.” Morgan

No matter whom the people elect, you always get JP Morgan and Goldman Sachs in charge. the shit going on is unbelievable. all to save massively overpriced assets.

As journalist Matt Taibbi recalls in his book The Divide: It’s become cliché by now, but since 2008, no high-ranking executive from any financial institution has gone to jail, not one, for any of the systemic crimes that wiped out 40 percent of the world’s wealth. Even now, after JP Morgan Chase agreed to a settlement north of $13 billion for a variety of offenses.… the basic principle held true: nobody went to jail. Not one person. (...) On the one hand, he finds, “Twenty-six billion dollars of fraud: no charges”; on the other, the San Diego County District Attorney’s office conducts 26,000 warrantless, preemptive searches every year to make sure that welfare recipients really are exactly as poor as the poverty bureaucracy demands that they be.

After that, the men in the room rushed for the exits, apparently to sell their shares in Bear Stearns. By the time Alan Greenspan arrived to speak, there was hardly anyone who cared to hear what he had to say. The audience was gone. By Monday, Bear Stearns was of course gone, too, sold to J.P. Morgan for $2 a share.*

A civil servant can make rules that are friendly to an industry such as banking—and then go off to J.P. Morgan and recoup a multiple of the difference between his or her current salary and the market rate. (Regulators, you may recall, have an incentive to make rules as complex as possible so their expertise can later be hired at a higher price.)

Когда чистильщик обуви начинает интересоваться акциями, надо срочно уходить с рынка

Gold is money, everything else is credit.

A steady flow of loans from the leading banks on Wall Street, led by J.P. Morgan, had enabled the British, French, and Russians to purchase what they needed to sustain the war effort as their gold reserves dwindled from larger and larger war purchases.

One other important footnote to history: On Sunday, March 16, the same day that JP Morgan Chase announced its purchase of Bear Stearns and the Fed announced its approval of the deal, the Fed’s Board of Governors created the Primary Dealer Credit Facility. The PDCF made it much easier to lend money to securities firms by, for example, broadening the range of eligible collateral. Bear executives maintained that they could have averted bankruptcy without requiring assistance, if they had been given access to the PDCF. Jimmy Cayne told the FCIC that the PDCF came “just about 45 minutes” too late to save his firm. No one will ever know.

As always, behind the flow of money necessary for such mergers and acquisitions were the banks. Once there were hundreds of banks in America, owned by individuals and local families. But due to government regulations put into place during the Reagan-Bush years, these banks either faded away or consolidated. In 1990, there were thirty-seven major banks in the U.S. By 2009, buy-outs, mergers, and bankruptcies had reduced this number to four. Those left standing were Citigroup, JPMorgan Chase, Bank of America, and Wells Fargo, according to the General Accounting Office. Ominously, in June 2012, the giant global rating agency Moody’s downgraded the ratings of Bank of America, Goldman Sachs, and JP Morgan, citing concerns for the stability of the world’s financial system.

And so, as the passengers drifted off to sleep to the rhythmic clicking of steel wheels against rail, little did they dream that, riding in the car at the end of their train, were six men who represented an estimated one-fourth of the total wealth of the entire world. This was the roster of the Aldrich car that night: Nelson W. Aldrich, Republican "whip" in the Senate, Chairman of the National Monetary Commission, business associate of J.P. Morgan, father-in-law to John D. Rockefeller, Jr.; Abraham Piatt Andrew, Assistant Secretary of the U.S. Treasury; Frank A. Vanderlip, president of the National City Bank of New York, the most powerful of the banks at that time, representing William Rockefeller and the international investment banking house of Kuhn, Loeb & Company; Henry P. Davison, senior partner of the J.P. Morgan Company; Benjamin Strong, head of J.P. Morgan's Bankers Trust Company;1 6. Paul M. Warburg, a partner in Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty in England and France, and brother to Max Warburg who was head of the Warburg banking consortium in Germany and the Netherlands.2

If Churchill had looked harder, he would have seen that England’s ‘highest position’ was very tenuous. Apart from her dead sons, the balance of events had swung heavily against her. Not least, his country was hugely in debt. By 1917, the British were paying most of the cost of the war not only for themselves but for their allies: half of Belgian and Serbian, two-thirds of French and Russian, and all of Italian war expenditure was funded by London. In return, London depended more and more on the money loaned by Washington and Wall Street, in particular the great bank of J.P. Morgan, and victory found the British in the excruciating position of having to repay the immense debts they owed, with little hope of recovering the debts owed them, or in the Russian case no hope at all.

You might think that as people get older, they spend money more freely out of the sheer desire to make the most of it before it’s truly too late. But the opposite tends to happen. In general, spending among American households declines as people age. For example, the Consumer Expenditure Survey, conducted by the Bureau of Labor Statistics, found that in 2017, average annual spending for households headed by 55-to-64-year-olds was $65,000; average spending fell to $55,000 for those between 65 and 74; and spending fell again to $42,000 for those 75 and older. This overall decline occurred despite a rise in healthcare expenses, because most other expenses, such as clothing and entertainment, were much lower. The decline in spending over time was even more acute for retirees with more than $1 million in assets, according to separate research conducted by J.P. Morgan Asset Management, which analyzed data from more than half a million of its customers.

To the untrained eye, the Wall Street people who rode from the Connecticut suburbs to Grand Central were an undifferentiated mass, but within that mass Danny noted many small and important distinctions. If they were on their BlackBerrys, they were probably hedge fund guys, checking their profits and losses in the Asian markets. If they slept on the train they were probably sell-side people—brokers, who had no skin in the game. Anyone carrying a briefcase or a bag was probably not employed on the sell side, as the only reason you’d carry a bag was to haul around brokerage research, and the brokers didn’t read their own reports—at least not in their spare time. Anyone carrying a copy of the New York Times was probably a lawyer or a back-office person or someone who worked in the financial markets without actually being in the markets. Their clothes told you a lot, too. The guys who ran money dressed as if they were going to a Yankees game. Their financial performance was supposed to be all that mattered about them, and so it caused suspicion if they dressed too well. If you saw a buy-side guy in a suit, it usually meant that he was in trouble, or scheduled to meet with someone who had given him money, or both. Beyond that, it was hard to tell much about a buy-side person from what he was wearing. The sell side, on the other hand, might as well have been wearing their business cards: The guy in the blazer and khakis was a broker at a second-tier firm; the guy in the three-thousand-dollar suit and the hair just so was an investment banker at J.P. Morgan or someplace like that. Danny could guess where people worked by where they sat on the train. The Goldman Sachs, Deutsche Bank, and Merrill Lynch people, who were headed downtown, edged to the front—though when Danny thought about it, few Goldman people actually rode the train anymore. They all had private cars. Hedge fund guys such as himself worked uptown and so exited Grand Central to the north, where taxis appeared haphazardly and out of nowhere to meet them, like farm trout rising to corn kernels. The Lehman and Bear Stearns people used to head for the same exit as he did, but they were done. One reason why, on September 18, 2008, there weren’t nearly as many people on the northeast corner of Forty-seventh Street and Madison Avenue at 6:40 in the morning as there had been on September 18, 2007.

No ano de 2010, a Petrobras fez uma oferta de acções, e contratou alguns bancos de investimento para captar 70 bilhões de dólares no mercado, eles usariam essa essa grana para financiar a exploração dos campos do nosso querido pré sal, aclamado por Lula e companhia como a salvação do Brasil. Na época, aquela emissão de Petrobras foi considerada a maior operação da história do mercado financeiro, e não digo o mercado brasileiro não irmão, foi a maior do mundo! Fiquei sabendo da história de um analista do JP Morgan que olhou para aquela operação, e viu que tinha muita coisa errada ali, ele basicamente disse, que não valia a pena para o investidor colocar dinheiro na Petrobras a um preço tão alto, e que o pré sal seria basicamente uma furada. Os caciques do banco ficaram bem putos com ele, como é que o JP Morgan vai deixar de participar de uma das maiores operações da história do mercado financeiro mundial, só porque um analistazinho não acredita no futuro da empresa? Resultado: o JP Morgan perdeu o mandato e deixou de ganhar comissão naqueles 70 bilhões de dólares, o cara acabou sendo demitido pouco tempo depois

The first step towards getting somewhere is to decide you’re not going to stay where you are. —John Pierpont “J.P.” Morgan It

Actualmente la Banca apuesta por la tecnología Blockchain. BBVA participa en el grupo de bancos internacionales para explorar las posibilidades de dicha tecnología en su negocio y han confiado a una startup americana R3 el desarrollo de aplicaciones utilizando esta tecnología en el sector financiero. Un proyecto que incluye actualmente unos 30 bancos globales, entre los que están BBVA (que estuvo entre los fundadores en septiembre de este año), Bank of America, Barclays, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Société Générale, BNP Paribas, Canadian Imperial Bank of Commerce, ING, Commerzbank, UBS…. También, a principios de 2015, BBVA invertía en la cartera virtual de criptomonedas más grande del mundo, Coinbase, que cuenta con un servicio de intercambio que permite a los usuarios comprar y vender bitcoin al instante.

Rockefeller “The most important thing for a young man is to establish a credit — a reputation,

Nazarbayev had learned that Westerners could be just as adept as he was in turning money into power and power back into money. Some, like Dick Evans and Jonathan Aitken, went about it from positions at the top of business and government. Others had to wait until they had left office to monetise their access and influence. They had to get theirs from what they called ‘consultancy’. Blair was said to have made $1 million from Ivan Glasenberg’s Glencore for three hours spent talking the Qatari prime minister out of blocking its merger with a mining company. JP Morgan, the Wall Street bank that had won the financial crisis, retained him too, as did a Swiss insurance company, the government of Kuwait and Abu Dhabi’s investment fund. Some days he was a business consultant, others a philanthropist, or a governance guru, or a peacemaker. His money sat in a web of companies that almost rivalled the complexity and opacity Nazarbayev’s Swiss bankers had devised. By one estimate, less than a decade after he resigned as prime minister, his fortune stood at $90 million.

Mr. J.P. he’s such a sweetie underneath the sternness,

JP Morgan would still be on the hook to guarantee its trades for an entire year.

This systemic risk problem is what drew Blythe Masters, one of the key figures behind blockchain innovation on Wall Street, into digital ledger technology; she joined Digital Asset Holdings, a blockchain service provider for the financial system’s back-office processing tasks, as CEO in 2014. Masters is best known for one of the most contentious financial innovations of our time, the credit default swap (CDS), a financial derivative contract in which one institution agrees to pay another if a particular bond or loan goes into default. At the age of just twenty-five, and as part of a crack team at J.P. Morgan, she conceived of CDSs as a way for investors to buy insurance against the risk they bear on their balance sheets—and thus to unlock capital hitherto tied up against that risk—as well as for other investors, the banks, and other institutions that issue the CDS to place a bet on the underlying asset without actually owning it.

JP Morgan did not want to have its name attached to it;

JP Morgan was protected from the risk of the loans going bad, and investors were paid premiums for taking on the risk.

J.P. Morgan created artificial panic used as excuse to pass Federal Reserve Act. Morgan was instrumental in pushing U. S. into WWI to protect his loans to British government. He financed Socialist groups to create an all-powerful centralized government which international bankers would control at the apex from behind the scenes. After his death, his partners helped finance the Bolshevik Revolution in Russia.

In February 2017, seven of the world’s biggest banks, including J.P. Morgan and UBS, joined forces with the CME Group, Intel, and Microsoft to found the Ethereum Enterprise Alliance to “define enterprise-grade software

It’s not in the interest of its competitors—Goldman Sachs, Morgan, Citigroup, JP Morgan—because if Lehman were to fail, then the pressure moves to Merrill Lynch and

If anyone at JP Morgan understood the risks in the market as well as Dimon, it was Zubrow.

If you have to ask how much it costs, you can't afford it

Instead of being described in the investment banking section, J.P. Morgan could as easily have been included in this section, as the last of the Dinosaurs, and perhaps the greatest and most powerful of them all.

J.P. Morgan learned to fish in troubled waters.

Wilson had a compelling reason for having recommended Herlihy: He had been involved in some of the biggest takeover battles in corporate America. Earlier in the year he had helped advise JP Morgan Chase in its acquisition of Bear Stearns. His firm—Wachtell, Lipton, Rosen & Katz—was synonymous with corporate warfare. One of its founding partners, Martin Lipton, had devised among the most famous of antitakeover defenses, the “poison pill.” If Treasury was planning a government-led hostile takeover—the first in history—then Herlihy was certainly the lawyer they wanted.

Presently the Rothschilds control, among other things; Shell, BP, Deutsche Bank, Barclays, ABN Amro, Fortis, Unilever, IBM, World Bank Group and International Monetary Fund, ING, Federal Reserve, Bank of England, Arrow Fund Curacao, J.P Morgan and many other banks and influential organizations. The participation of the Rothschild dynasty in various competitive companies misleads even experts. A perfect example of this is when Henry Coston elaborately described the all out struggle between American Standard Oil (of the Rockefeller family) and British Royal Dutch-Shell for market leadership in 1920s France.[17] The struggle for control lasted into the late Fifties.[18] However, he essentially overlooked one important detail; that both oil giants belonged to the Rothschilds! Coston failed to understand that this sham of a fight served only one purpose: to bring in enormous profits while covering up the real power behind it.[19]

Senator LaFollette publicly charged that a money trust of fifty men controlled the United States. George F. Baker, partner of J.P. Morgan, on being queried by reporters as to the truth of the charge, replied that it was absolutely in error. He said that he knew from personal knowledge that not more than eight men ran this country.

The Nature Conservancy, for its part, has received hundreds of thousands of dollars from JP Morgan to come up with voluntary rules for fracking.

There is not8 in the world a more ignoble character than the mere money-getting American, insensible to every duty, regardless of every principle, bent only on amassing a fortune,” Roosevelt wrote in a magazine article in 1895. “These men are equally careless of the workingmen, whom they oppress, and of the State, whose existence they imperil.” As

No man is above [the law] and no man is below it. The crime of cunning, the crime of greed, the crime of violence, are all equally crimes … This is a government of the people; including alike the people of great wealth and of moderate wealth, the people who employ others, the people who are employed, the wage-worker, the lawyer, the mechanic, the banker, the farmer.” On a return visit to Butte, Montana, he said: “I have the right to challenge the support of all good citizens and to demand the acquiescence of every good man. I hope I will have it; but once for all I wish it understood that even if I do not have it I shall enforce the law.” He spoke to members of various unions that day but his real audience was in New York. Roosevelt told Lodge he had been inspired by the “knock down and dragout fight with Hanna and the whole Wall Street

The James Hills and J.P. Morgans are an affront to a society dedicated to the worship of mediocrity.

Thomas Edison was no an inventor but a very evil wealthy man with connections to the most wealthy Americans. He killed animals in order to demonize Nikola Tesla, the greatest inventor in human history. However, you will never learn about Tesla in any school system because he never wanted to be wealthy and his inventions were for the purpose of helping mankind. When JP Morgan, one of the most evil wealthy men in America, found out that Tesla wanted to give every human in the world free electricity, he stopped paying him and destroyed his invention to supply that free electricity. This is why you'll never learn about Tesla in the public school system.

But “Dennis” was also seven years older than himself, which made him almost forty in spirit. That is why, no doubt, he was already a vice president at J.P. Morgan & Sons & Co.

The object of so tying up these securities is that J.P. Morgan & Co. may be assured of the control of the business for a given period of years,

I have come to the conclusion that the chief reason of the dislike that exists in Washington for J.P. Morgan & Co. . . . originates in the fact that we ask for no favors, that the Democratic party has tried its best to cripple us in every way it could,

JP Morgan knew AIG inside out as a result of having worked for it for the past six months and could get everyone up to speed quickly on the depth of its problems.

He was increasingly frustrated with the JP Morgan team and needed assurances.

Questionable investment deals certainly contributed to a number of municipal financial crises that occurred after the 2008 stock market crash. Jefferson County, Alabama, for example, entered into interest rate swaps that helped swell its debt burden to $3 billion when interest rates collapsed. The county sued the lead underwriter, J.P. Morgan, on the grounds that it misled the county and investors. The Securities and Exchange Commission also imposed significant penalties on the underwriter in 2009. Detroit similarly entered swaps that the bankruptcy court ultimately settled for much less than their face value after the bankruptcy judge raised significant questions about the swaps' legality and enforceability.

Good is money, everything else is credit.

The article caught the attention of J.P. Morgan, who called on Tesla. Tesla met with Morgan and explained that he

The article caught the attention of J.P. Morgan, who called on Tesla. Tesla met with Morgan and explained that

Morgan began to speak. He demanded52 to know why Roosevelt hadn’t warned him. “This is just what we did not want to do,” said Roosevelt. “If we have done anything wrong,” Morgan replied, “send your man to my man and they can fix it up.” “That can’t be done.” “We don’t want to fix it up,” Knox interjected. “We want to stop it.” “Are you going to attack my other interests, the Steel Trust and the others?

When I was at JP Morgan, they burdened me with assets until I broke.” “What do you mean?” “You start chasing lousy businesses just to put the money to work.” “How?” I asked. “Because there are only so many good investments out there.

How big and important are proprietary trading and principal investing activities at Goldman? Glenn Schorr, a Nomura Securities equity research analyst covering Goldman stock, estimated that the Volcker Rule, which is intended to restrict proprietary trading and principal investing at investment banks, would impact 48 percent of Goldman’s total consolidated revenue. To put this into context, he estimated the impact at 27 percent, 9 percent, and 8 percent of total consolidated revenues of Morgan Stanley, Bank of America, and J.P. Morgan, respectively.

The second type of linear business model is a services company. Examples range from Oracle to JP Morgan to Jiffy Lube. These companies hire employees who provide services to customers. Generally, services companies fall in one of two camps. The first kind makes and sells physical services. Your car mechanic and plumber both fall into this category. The second builds human capital or intangible assets, like intellectual property, and uses those assets to sell specialized services.