[JPM] is chasing revenues down a deep rathole

Something is very, very, scary wrong with JP Morgan IMO.  Recent stories reveal that they are basically the private buyer of last resort of US mortgages.  Either the federal reserve is forcing them to do it in order to try to keep the Ponzi running (I doubt it) or something about its derivative exposure is going to BK the company if housing prices fall too badly and so it is going "all in" on loans that even the likes of Bank of scAmerica doesn't want to touch.

This is not conservative behavior.  This is chasing a sector that is very interest rate dependent in an environment of rising interest rates.  I believe that Ben Bernanke might have been warning us of the coming collapse of JPM when he recently and uncharacteristically commented that bankers should have gone to prison for their pump and dump activities during the last financial crisis.  Man that was some serious kissing up to the rabble right there and you can be sure that Bernanke did not do it without reason.

I'm on clear record stating that some very big names will come falling off their pedestals in a big way during the next collapse.  It should make for very good financial entertainment IFF it doesn't first result in a US civil war or WW3 first.