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Re: Bizreader post# 73204

Friday, 05/22/2009 3:49:00 AM

Friday, May 22, 2009 3:49:00 AM

Post# of 731674
Biz JPM knows they have to give the 4Bil back, but the longer they hold it, the more money they make off of it. Do the math Biz.. 4Bil at 4% annual interest is 160M a year. If they have had it for 10 months , that is 13M a month for 1o months. If you look at it this way the longer JPM holds the money, the longer they accumulate money on it. If they loan out money at 8%, then they are doubling their money daily off the backs of WMI. It is all about mathematics in Banking man!
They will give it back, but will the judge make them pay the account interest also? HUM !!!
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