As well as GLOBAL FINANCIAL SECURITY!
Had JPMC failed there would have been a run on every bank in the world, and the GLOBAL ECONOMIC SYSTEM would have failed and we would still be trying to dig out of the rubble!!!!!
There would have been mass riots and this country would have been torn apart from the inside out!
JPM writes all the SOCIAL SECURITY CHECKS.
People would have been on the streets trying to steal anything they could have gotten their hands on to survive..........
It was a step THAT HAD TO BE TAKEN!!!!!!!!!!!!!!!!!!
In the scheme of things the 47,000 employees and who knows how many shareholders that lost most if not all here were minor in comparison to what really would have happened had JPM failed!
BUT now for that CONSIDERATION of being the Sacrificial LAMB the FDICK gave up something or the 5th taking case would NOT HAVE BEEN settled and that settlement AND its conditions as we all know was REDACTED!!!!!!!!!
So what did they give up in consideration????????????
My WAG says that JPM AINT the favored bank anymore, and as for from here on out, my WAG is that COOP will be a BIG RECIPIENT of mortgages from failed lenders from here on out!!!!!!!!!!
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