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Re: jackson227 post# 65186

Friday, 04/24/2009 12:02:10 AM

Friday, April 24, 2009 12:02:10 AM

Post# of 730919
Not if the blame for wamu's recovery is put on the fdic or ots. The only way this would stimulate the economy at a significant level such as that would be if it 'looked' like jpm was the bad guy and had to give the bank back. Other then that if the fdic or ots takes the blame all hell could break loose as it would destroy any and all investor's confidence in the ability for the government to practice monetary policy. We aren't talking little mom and pop banks. This is JPM, arguably the most corrupt...largest financial institution in the world, wamu isn't that much smaller then JPM. JPM, WAMU & THE FDIC/OTS ARE GIANTS FIGHTING EACH OTHER IN THE COURT OF LAW. Whatever the outcome may be it will eigther have such a positive economic impact that it will pull the US/world out of this recession or it will negatively put us back into the 4000 dow level days of the mid 90's.....

my .02
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