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Re: fettermuff post# 152891

Monday, 02/22/2010 3:16:02 PM

Monday, February 22, 2010 3:16:02 PM

Post# of 730279
Those are completely erroneous comparisons.

In the first comparison, you're juxtaposing a company who probably manipulated the market for it's own gain and in the process lost thousands and thousands of dollars for investors who (we must remember) knew that putting money in the stock market as opposed to other investment vehicles was a risk in the first place.... with someone who walks past a person in a life or death situation. That's nonsense.

In the second comparison, you seem to propose that if I own a business (which I do) and don't offer a certain stock in my retirement plan, I'm as low down as someone who'd make an old lady walk further than she needed to. That, in my humble oppionion, is an absurd conclusion and would be a complete misrepresentation of my moral value.

In your last comparison, your hypothetical property holder has something of real value when he gets into his desperate place - WMI's stock price was in the toilet before JPM ever inherited these employees, all value in WMI stock is speculative. There's a difference, a HUGE difference, both legally and morally.

And your statment "coupled with the fact that most likely those shares... will be snapped up by JPM" is not fact at all. That's speculation, and a wild one at that.

In my opinion, and it's just an opinion... Dimon is a dirty dog who knows how to manipulate the system, but he's not a stupid, dirty dog. He (again, in my opinion) manipulated the system to cause a run on WMB to force them into a position where the SEC would seize, and he covered himself with indemnity offered by the FDIC. He's dirty enough to do that, but not stupid enough to open himself up to insider trading charges by buying shares his own employees were selling right before he made an offer to settle. That's a little blatant even for Dimon. Not because he's above it, but because he's smarter than that.
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