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make_money

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make_money

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Thursday, 04/01/2010 11:22:31 AM

Thursday, April 01, 2010 11:22:31 AM

Post# of 732130
On at least one point, Mr. Dimon struck me as self-serving. "It is these surviving banks that have paid for the cost to the FDIC of the approximately 200 bank failures since the beginning of 2008. Of those failures, the largest one, WaMu (with assets exceeding $260 billion), has cost the FDIC nothing. That is because JPMorgan Chase bought WaMu."

http://www.futureofcapitalism.com/2010/04/jamie-dimon-jp-morgan-chase-annual-letter
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