Ah so that explains it

The abnormal claim by jpm, shiti and bofa that they were going to be profitable the first two months of Q1 was, to most people with brains, blantantly bogus. The only question was ‘how‘ bogus?

The reason these wankers bankers can claim they are doing ‘well’ is down to three little initials: AIG.

Yes, AIG generously paid off their counter CDS trades with the extortion boost from taxpayer dollars.

AIG is the golden goose.

The taxpayer is the gift of foie gras as magic filtration system that keeps on giving.

And yes, Turbo Timmy Shitener was on board with this outrage.

Have a good evening.

[zero hedge]

We are all goose liver now.


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