Mr Cooper Group Inc (COOP): Dimon....now playing the angel song.......

Reply Private New

Replies (7) Next 10 Prev Next

Send PM Follow Ignore

Followers	21
Posts	1108
Boards Moderated	0
Alias Born	07/28/2013

Mr_Simpson72

Re: None

Saturday, 11/07/2015 3:58:15 AM

Saturday, November 07, 2015 3:58:15 AM

Dimon....now playing the angel song.... Unforgiven!

Mr. Dimon noted that JP Morgan escaped the financial crisis without needing a government bailout. But if there was something he regrets from those challenging days, it was the takeover of collapsed firms Bear Stearns and Washington Mutual.

Asked if he would do it again, he said: “No! Helping the U.S. government by rescuing these institutions has brought us a lot of legal trouble. One legal action after another was brought against us. That was my mistake as CEO; that I will not repeat.”

https://global.handelsblatt.com/breaking/interview-jp-morgan-ceo-admits-mistakes-from-financial-crisis

JPMorgan Chase acquired Washington Mutual, the nation's leading thrift, for a 93% discount to its book value.

http://www.fool.com/investing/general/2015/11/06/looking-back-on-jamie-dimons-10-years-as-jpmorgan.aspx

At last a true statement by Jamie Dimon.
WMB = $26.8B

Guys this type of PR is very weird coming from Dimons mouth repetitively all of a sudden. He is preparing for something, expect the unexpected.