JP Morgan Chase & Co (JPM)

[JimsZ]

How do you think those greasy palms in congress got greased in the first place to drop the glass-steagal act?

For what you're referring to http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act




Do you really think these banks that brought all this $#!^ on had nothing to do with it's downfall or knew nothing about it to begin with? The banks are the only ones that are gaining out of it!!! They're borrowing (from the FED) at .4% and lending it out at 15+%. How do you see it any different?


I myself would like to know what the assets the FED holds for the amount of money it's paid JPM (gained through either Wamu OR BS OR itself). Let's see the real numbers come to the table as last I knew JPM's "better" loans were no better than Wamu's..