This Is Jamie Dimon's Worst Nightmare

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		Tech Media Wall Street Markets Strategy Sports Tools Travel Politics Latest Video Wednesday, April 20, 2011 This Is Jamie Dimon's Worst Nightmare All of Wall Street is eager to see the debt ceiling raised and all of this default nonsense put in the rearview mirror. Jamie Dimon has been particularly upfront about his concerns, saying "we are praying" about the issue. Why is he so concerned? Because he's afraid of a run on the entire financial system. This chart from a JPMorgan analyst, discussing the chances of a technical default, reminds you what happened to Money Market funds after Lehman defaulted, and the collapse of its bonds caused the Reserve Fund to "break the buck." There was a huge run. Read » Also On Clusterstock Today: The "Hipster" On The Raj Jury Gave Himself Away In Court Today Nouriel Roubini On The One Big Reason To Be OPTIMISTIC About The National Debt The 15 Highest Grossing Prescription Drugs In America Putin Delivers Big, Mocking Speech Of US Debt, Trade Balance, And Out Of Control Fed Advertisement CHART OF THE DAY: What Complacency? Volatility Is Actually In The Crisis Zone CHART OF THE DAY: There Has Just Been A Big Shift Towards Institutional Investor Bearishness CHART OF THE DAY: All Of Earnings Season Explained In One Chart Share this email: Buzz Facebook Twitter Digg Reddit StumbleUpon The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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