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Re: umaw post# 342327

Thursday, 11/03/2011 1:29:31 PM

Thursday, November 03, 2011 1:29:31 PM

Post# of 736071
Interesting quote from JD:

"The bank's acquisition of WaMu's mortgages has turned out to be a bad experience for Chase, Dimon said. The portfolio's losses are expected to exceed $40 billion, but that's not so bad, Dimon said, that he regrets buying WaMu in 2008 in a government-assisted fire sale"

When is lossing $40B not so bad? I guess when you gain a lot more.
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