Mr Cooper Group Inc (COOP)

[jascha]

Here's a reason JPM took TARP:

http://blog.rebeltraders.net/2008/10/26/need-another-reason-for-not-liking-the-tarp-jp-morgan-chase-is-one/

One of the financial institutions to receive $25 Billion tax payer dollars is JP Morgan Chase (JPM). Recently a reporter for the New York Times accessed an employee only teleconference to discuss the TARP program and the money that Hank Paulson will be giving them.

"What we do think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling. And I would not assume that we are done on the acquisition side just because of the Washington Mutual and Bear Stearns mergers. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way.."

BnB52: go back to your message board.