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Post# of 729623
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grandetourismo

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grandetourismo

Re: marayatano post# 46769

Tuesday, 12/16/2008 4:49:43 PM

Tuesday, December 16, 2008 4:49:43 PM

Post# of 729623
Right, FINRA ruled in favor of bank customers to arbitrate against JPM as well as other Banks. IMO, certain Bank's customers experienced loses because their banks prevented ARS liquidations. This happened because of the domino effect the sub-prime fiasco had on cash reserves; banks took a wait-and-see position while awaiting the pending TARP funds and froze many processes in doing so. Again, JMO.

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