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Post# of 111126
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stockmojo9

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stockmojo9

Re: guster0 post# 24380

Wednesday, 05/29/2013 6:31:09 PM

Wednesday, May 29, 2013 6:31:09 PM

Post# of 111126
Lehman was trying to do a deal with BAC, then a S. Korea firm, then Barclays.

While JPM was asking for more collateral from Lehman, they were also confiscating deposits from WAMU ($4B) & Barclays ($7B).

Why was this allowed to be done by JPM and what are the penalties?

Barclays was trying to size up the deal for Lehman and they look for their $7B deposited at JPM and it's gone...

How are they supposed to buy "jack"?
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