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Re: Roach58 post# 415589

Monday, 03/02/2015 10:03:27 AM

Monday, March 02, 2015 10:03:27 AM

Post# of 728026
Roach I was with JPM for sixteen years as CEO of the Mortgage Business, retired in 1998, got bored with retirement, and went back to work with the Dime Bank of New York, as CEO of Dime Mortgage later to become Dime North American Mortgage after we acquired North American Mortgage. I was there in the Board Room as a Director when Terry H of WAMU made his offer for Dime leading to there purchase of the Bank. After a short stay working for WAMU to fulfill my golden parachute contract, I retired again in late 2002. I got a good bit of WAMU stock as a result. The good news is I sold half of it. The bad news is I held the other half until near the end in 2008. Between the WAMU stock and the DIMEQ losses, it was an expensive lesson.
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