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JimsZ

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JimsZ

Re: writonwater post# 29753

Wednesday, 12/01/2010 10:30:42 PM

Wednesday, December 01, 2010 10:30:42 PM

Post# of 42851
It really ticks me off to see the Fed Reserve was loaning JPM money before Tarp started and JPM was able to use that money to buy Wamu. Why couldn't Wamu have been loaned to, everyone else was. Everyone outside of Lehman's anyway!

Jeez, they loaned money to foreign Govts, foreign banks, large corporations, etc. What in the world would Verizon need to borrow cash for ? Most of the money JPM borrowed on 9/22 probably went to short Wamu the rest of the way out of existance.
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