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JPMorgan Chase & Co. Message Board

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  • cucvang5so10 cucvang5so10 Mar 27, 2012 3:53 PM Flag

    MUST READ! : (JPM) - JPMorgan Chase & Co.

    In CNBC interview Wednesday, Schiff called Bernanke “public enemy number one” and warned that banks would crash if the bond market collapses. While most major banks, including the likes of JPMorgan, Wells Fargo, and even Bank of America, passed the Fed’s strenuous stress tests, which stipulated a massive decline in equity and real estate prices, Schiff still believes they’re in trouble. “The Fed didn’t ask the banks to stress test a big drop in the bond market because that’s what coming, and the banks would feel that.”

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