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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: ChanceIs10/14/2009 9:20:37 AM
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JPMorgan said ... fixed income trading thrived. However, traditional residential mortgages and home equity loans as well as credit cards continue to default at a rapid pace and that has eaten into JPMorgan's profits.
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Soooooo. Fixed income. What is that??? Could it be Treasury underwriting or some other machinations with Tim and Ben. Its OK guys. You keep playing with fire rolling the dice in credit cards and unspeakable mortgages, and we will keep bailing you out with some sort of intractable nonsense in the Treasury trade .... all at the taxpayers' expense.

And this will cause the market to rally today. Gag.
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