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b3

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Alias Born 05/02/2008

b3

Re: Boris the Spider post# 723304

Thursday, 02/15/2024 1:35:59 PM

Thursday, February 15, 2024 1:35:59 PM

Post# of 730300
"In 2008, JPMorgan Chase bought Washington Mutual (WAMU), the largest savings and loan institution in the U.S., for $1.9 billion, after WAMU collapsed due to the subprime mortgage crisis. This deal gave JPMorgan Chase access to WAMU’s 2,200 branches and 12 million customers. The deal was valued at about $30 billion less than WAMU’s market value before the crisis.

In 2023, JPMorgan Chase bought First Republic, a San Francisco-based bank that focuses on high-net-worth clients, for $4.5 billion, after First Republic suffered a bank run following the collapse of Silicon Valley Bank (SVB). This deal gave JPMorgan Chase an opportunity to expand its presence in the West Coast and serve more affluent customers. The deal was valued at about $10 billion less than First Republic’s market value before the SVB crisis."

I highly doubt, that JPM & Dimon are going to go back 15 years, and say they got 'too good of a deal' and give back $30B to old shareholders. Then they would immediately have to give back all the other super deals that they have made in the last 15 years...............GOOD Luck with that!!!!!!!!!!!! Stop dreaming about something that isn't going to happen. Watch your eyes......COOP has exploded right in front of your eyes!!!!!!!!!!!!! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

It is interesting that JPM bought WAMU for 1.9/(1.9+30)= 5.96% of VALUE
and bought First Republic for 4.5/(4.5+10)= 31.0% of VALUE
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