Followers | 45 |
Posts | 7114 |
Boards Moderated | 0 |
Alias Born | 07/18/2020 |
Saturday, March 11, 2023 2:22:41 PM
"In March 2008, JPMorgan stepped in to acquire the failing decades-old investment bank and prevent its collapse. The Federal Reserve helped back the deal with $30 billion in support for Bear Stearns’s mortgage-backed securities. But the deal also meant that JPMorgan was on the hook for the legal troubles of Bear Stearns and the other troubled institutions it acquired. The investment bank eventually spent $19 billion in fines and settlements with customers and regulators.
JPMorgan CEO Jamie Dimon now considers saving Bear Stearns a bad idea, writing in 2015 that “we would not do something like Bear Stearns again.”
https://fortune.com/2023/03/10/bill-ackman-twitter-silicon-valley-bank-bailout-startups/amp/
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM