An Intraday Note From Your New Federal Government Bankers

12/23/08 02:07PM EST
“JPMorgan Chase & Co. is using the TARP funding for the purposes that the government has designated. The company is lending to consumers, small businesses, corporations, municipalities and other institutions in a disciplined and responsible manner.”

Jaime Dimon knows it, and you know it. "Investment Banking Inc.", in all of its levered manifestations, is going to go by the way of the horse and buggy whip.

From Citigroup to Morgan Stanley, what these stocks do intraday means less and less to the American Capitalists investing in The New Reality.

Upward and onward. Let the government re-regulate those who asked for it.
KM

Keith R. McCullough
CEO & Chief Investment Officer
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