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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Pam and Russ Martens: Stock exposure has exploded at JPMorgan's federally-insured bank

By cpowell
Created 2020-01-08 01:10

By Pam and Russ Martens
Wall Street on Parade
Tuesday, January 7, 2020

Federally-insured banks are not supposed to be making large speculations in the stock market. They are supposed to be using bank deposits to make loans to worthy businesses and consumers to help grow the U.S. economy and keep the United States competitive on the global stage.

... Dispatch continues below ...



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But according to the official reports from the federal regulator of national banks, the Office of the Comptroller of the Currency, since December 31, 2010 the federally-insured bank owned by the monster trading house of JPMorgan Chase has increased its equity (stock) derivative bets from $337 billion to $2.4 trillion as of its latest report for the quarter ending September 30, 2019. (The data is found in a graph titled "Table 10" in the appendix of each of the quarterly reports published by the OCC.)

During the period that JPMorgan Chase's positions in stock derivatives have exploded, both its own stock price and the Dow Jones Industrial Average have been on a sharp upward trajectory. ...

... For the remainder of the report:

https://wallstreetonparade.com/2020/01/stock-exposure-has-exploded-at-jp... [2]

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Source URL:
http://www.gata.org/node/19741