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Banks Face 'systemic Margin Call,' $325 Bln Hit-jpm

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NEW YORK (Reuters) - Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), said in a report late on Friday.

JPMorgan, which sent a default notice to Thornburg Mortgage Inc. (TMA.N: Quote, Profile, Research) after the lender missed a $28 million margin call, said more default notices and margin calls were likely. The Carlyle Group's mortgage fund also failed to meet $37 million in margin calls this week.

Who are these 'reuters' people ? are they some type of conspriacy theorists or something, never hard of the name.

But seriously folk the 1928 crash happened so quickly that joe public had no time to prepair and it could all go pear shaped just as fast this time so keep your ear to the ground.

$Bn's don't vanish without a very lot of pain

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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