Report: JPM did not understand the toxic assets they bought from BSC

Discussion in 'Wall St. News' started by wilburbear, Dec 15, 2008.

  1. Reading stuff like this convinces me more and more than public hangings and wholesale confiscation of personal assets is needed.

    And that's the PG-13 version.

    If you don't agree then you're part of the problem.
  2. lrm21


    The only way to get what's yours is to take it
  3. Illum


    If you think JPM is poisoned think about BAC
  4. gangof4


    that's the funniest shit i've read in a long time. lmfao

    quote: 'The “finger-in-the-dyke” strategy'

    he thinks he's saying 'finger in the dike' but, of course, he said something completely different.

    fucking hilarious...
  5. 4XQs


    lol, you said it gangof4
  6. If you remember, Dimon's 2 dollar bid was predicated on the balance sheet. When they got there, they were shocked at what they saw.

    The 10 bucks was a set up. Somebody got paid off.
  7. I think JPM has been trying for a few weeks now trying to make themselves look bad, probably get a bailout too.
  8. duffman


    Still my favorite Reuter's headline from about ten years ago "Clinton puts finger in Mexican dyke."