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Re: drrugby post# 121046

Thursday, 11/19/2009 12:30:29 AM

Thursday, November 19, 2009 12:30:29 AM

Post# of 732422
they have to keep the mortgage risk facade up because that was the guise by which they were taken down. systemic risk due to bad mortgages. this is a total setup to throw the american people off the scent of crap coming off this story. there was no systemic risk except for the social security fund entrusted to jpm that they overleveraged to make a quick buck. or so they thought. madoff scam got their funds frozen and ponzi schemes in alabama and california got them sued. jpm was the systemic risk not wamu, not wmi, and not their mortgages. mortgages can be written off as losses but stealing a solvent company? you can only try to cover up. the press releases are setups to "explain" why monies are being returned for ill gotten gains. barclays is in the same boat with lehman. and our attorney, weil is handling both cases! how cozy. hope they take advantage of bk and merge their holding companies. alot of foreign holdings worth billions still untouched. a force to be reckoned with if that happens.
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