steved_45 -- Thanks for the quick summary of the thread. I did read most of the posts, admittedly way too late last night.
With all the things going on with JPM currently, it is not hard IMO to beleive that something may be going betwen JPM/FDIC in this deal. Again not much DD is needed to be able to see that side of the arguement. I am definitely not saying you are wrong. As a matter of fact, I agree with much of what you say, especially in the summary you gave me. I just differ on some of the why's. The government definitely dropped the ball on more than one occasion in this fiasco. To me, the question is, was it stupidity or conspiracy.
From your summary (with my comments in red): I feel b/c of the SEC's mark-to-market rule Sheila and the FDIC prematurely jumped the gun prematurely on emotion rather than logic w/o the proper stats. Agreed that I believe she jumped the gun as well. My question is, was it her decision to do such, or was she basically told what needed to happen and by whom? If it was purely emotion, lots of other banks would have been taken over as well. If TARP was known, why couldn't they wait a weekend? They waited for dozens of other ones. We still don't know the stats two years later. IMO, that means either the FDIC is so afraid to admit they messed up, they will now anything to hide the fact or they were in on something from the get go. Again, IMO, either way, we are in the midst of a conspiracy of some type
Thanks for the insight. I always appreciate other perspectives to help me with one stock and the market in general. You seem sincere in your arguments. Look forward to more discussion. Although in all honesty, I hope a settlement gets me mega bucks and I won't have to be on ANY stock board ever again!
