Baoshang collapse threatens China's economy, may trigger central bank response

Re:Baoshang collapse threatens China's economy, may trigger ... by mytailorisrich on Sunday June 30, 2019 @10:29AM (#20318368)

I believe that the figure for JPMorgan is in the trillions.

$90b is not that much for the financial system of a large economy.

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Re:Baoshang collapse threatens China's economy, may trigger ... by HeWhoLurksLate on Sunday June 30, 2019 @02:11PM (#20319544)

At one point, JP Morgan had more money (and power) than the US government, so that is not surprising.

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Re:Baoshang collapse threatens China's economy, may trigger ... by miketery on Sunday June 30, 2019 @02:35PM (#20319670)

Maybe it had greater assets under management, that doesn’t translate to power or direct ownership. They are custodians and facilitators. Their worth is traded on NYSE and doesn’t exceed top internet companies, who imo have more power.

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Re:Baoshang collapse threatens China's economy, may trigger ... by HeWhoLurksLate on Sunday June 30, 2019 @02:42PM (#20319710)

Sorry, I should have put a date on there. I was referring to the era right before the Great Depression.

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Re:Baoshang collapse threatens China's economy, may trigger ... by quintushoratius on Monday July 01, 2019 @08:03AM (#20324463)

JP Morgan, when it was owned by JP Morgan, was in the position of ordering public officials to attend meetings on and do it's (his) bidding.

JP Morgan, the man, is responsible for creating the Federal Reserve.

Interesting story from NPR's Planet Money: https://www.npr.org/sections/money/2015/11/11/455675540/epis...

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