JP Morgan Chase & Co (JPM)

[sf]

because the reason the stock is down is because of the illegal seizure and "gift" of wamu bank and assets to jpm by fdic. a "gift" they have yet to pay for! big lawsuit settlement still to come. JPM is very shakey. they still have funds frozen in italy and france from the funneling of funds from madoffs ponzi scheme, they are pumping the stock with 2Q earnings but the stock is still down because of all the pending lawsuits. this lawsuit will be devestating and eye-opening too. why would jaime dimon go to seattle yesterday to shoot his mouth off if he is not feeling cornered? he said he could have paid $1 for wamu and won. what a joke!!! he also said he is going to win every lawsuit? wrong!!! he has lost all appeals so far with wamu. the only way he wins and his subpeona goes away is if he pays the piper. fork it over dimon!!! stock does not go up because the assets propping this stock up are illegally seized assets of a previously solvent bank deemed "systemic risk by fdic." wamu was in better shape than jpm at the time of seizure. paulson just admitted that the B of A/ Merrill was a strong arm and jpm/ wamu was a shotgun also. treasury bank jpm along with social security would have went belly up without capital assets of wamu to stabilize them. IMO