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Re: Bizreader post# 74739

Monday, 06/01/2009 6:58:19 PM

Monday, June 01, 2009 6:58:19 PM

Post# of 730572
JPMorgan Chase & Co. (NYSE: JPM) announced today that it intends to raise $5 billion in common equity to satisfy a supervisory condition that the largest bank holding companies redeeming TARP I read this to mean they do not have cash to buy us out but maybe a stock swap deal which is OK with me. Hold long term and get the dividens while you wait out 6 or 12 months to sell JPM. And I think that all the banks were in trouble when WAMU was handed over to JPM that in my opinion was done to keep JPM out of trouble because the FDIC did not have the money for a massive bank failure. This in my opinion was a FDIC cover up. Not to panic the public.
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