JP Morgue has hundreds of trillions of dollars of derivatives exposure that it can't pay even if an insignificant economy like Greece defaults, so they rewrite the rules to avoid paying. If that's fine fettle, your bankster heroes will have to come up with a good one when they have to pay just a few trillion. They're technically toast in any credit crisis. But being banksters, they can just cook the books and bend the rules until the game's up. Morgue has trillions of dollars in derivatives, many of them in PM shorts in which it's hopelessly insolvent. If you think this is a bank to invest in, sell your Telstra and cattle and buy up big, and good luck. We'll stick to real PM assets, rather than funny money.
