Friday, May 11, 2012

Jamie Diamon and the two billion that got away

If you do not follow financial news, wait a minute, in this crap economy all news is financial news….. Anyway, if you happened to be too busy wondering about who was at George Clooney’s house last night then you may have missed the fact that Jamie Diamon ,CEO of JPMorganChase, quickly put a conference call together with investors where he said, “blah, blah, blah and oh, yeah, we made a bad bet and lost two billion dollars.”       Say what?????

When the financial world was going to hell in a hand basket in 2008, JPMorganChase appeared to have the least amount of damage out of the ‘too-big-to-fail’ banks.   But now is a different story.    I don’t know when they bought these credit default thingys…but like everything else corrupt and yucky it is all coming up for us to behold during the run up of Uranus square Pluto (first round end of June).

I don’t have a time of birth for Jamie but I do have date and place.   March 13, 1956. 

We know he is a late Pisces with Moon in Aries.  Google, “Jamie Diamon heated conversation” and you will get a jillion hits which speaks to that Moon in Aries.   He’s a loud one and one of the more vocal banking CEOs.    And it should come as no surprise that Mr. Diamon is one of the more loud critics of the Volcker rule which is a part of the Dodd-Frank financial reform.    Yes, the Volcker rule which puts rules that the banks and investment firms must follow when they are playing with other people’s money.  Gee, does anyone see the irony that this was something Diamon was against.   Even Mr Moon in Aries couldn’t hold back the irony.

Dimon acknowledged the trading desk's losses, but said they did not change his opposition to Volcker Rule -- though he admitted they did not help his argument.

"It plays right into the hands of a bunch of pundits out there," said Dimon, who only days ago called criticism of banks a form of discrimination and suggested it was anti-American to criticize business at all. "But that's life."

We don’t know his time of birth but my guess is that either Uranus is on top of his moon or this is just Pluto squaring his moon.   I love that I said, “just” as if Pluto squaring Moon is no big deal.

His Sun is at 23 Pisces  and this week he is getting a square from Venus, can everyone say, “No, shit”.

Obviously, losing two billion dollars will keep him in trouble for a while and as we know Venus station and retrograde mean we’ll hit this point again in July.  I anticipate Mr Diamon will be talking to congress and other officials a great deal during this period.   “Wear linen in DC, Jamie, it breathes.”

And not to drive home a point too hard but it is there—His Mars at 5 degrees of Capricorn has got Pluto on top of it exactly this month and will get it again in December.   Pluto on Mars really tests our limits about what it means to be a “Man” or at the very least what it means to be a “Producer”  “Person of Action” and of course Pluto on Mars brings up “Crime and Punishment.”   This is not going away magically. 

Saturn will transit his Neptune in the fall and that will probably put away any illusions that he may be still harboring.      While all this b’slapping is occurring he does have a nice Trine from Pluto to his Venus so something positive is in the mix.   Probably his wife and family are a great source of comfort and again, Venus speaks of values so if he had gotten far afield from what is true and meaningful this aspect will bring everything home. 

There are some Jupiter aspects that cut both ways (negative and positive) this year but as we know with Jupiter he does not move by small measures, he does things big and since Diamon is the same way I’m sure we’ll see it all play out on the news and www. 

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