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Bizreader

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Bizreader

Re: dannoninvest post# 241711

Friday, 10/15/2010 1:12:25 PM

Friday, October 15, 2010 1:12:25 PM

Post# of 735864

The reason the Treasury backed the deal for JP Morgan Chase to fold WAMU into it is because the U.S. government banks with JP Morgan Chase.

All that is fine, the government is trying to keep some distance between it and the actual banks but hey, it's time to pay up for breaking the law and letting the whole thing get this far.

JP Morgan Chase should not have helped create the run on the bank with the help of Goldman Sachs that put WAMU in the position to be seized.

http://www.sec.gov/complaint/selectconduct.shtml

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