Replies to post #1800 on JP Morgan Chase & Co (JPM)

[sf]

better hope they settle soon. republicans coming in can make an example of jpm and pin it on them for the crisis and manipulation to get tarp and backstopping so they and gs didnt go under. jpm cant file bk they dont own anything. they've stolen everything and are currently squatting in wamu property. they never inked the deal.thats why the mortgages are backfiring. they thought the robosigning was going to get them through. nope! gotta own the title before you can sell it...its the law. jpm hasnt made any money . wamu assets and wamu home loans have propped jpm for two years. major windfall by what jaime dimon said. negative goodwill? yea...easy to get negative goodwill when you havent paid for it yet. everything's a gain. but not for long! and check ben mason's filing on kcc and pacer that will enlighten you to the hidden assets yet to be priced that were stolen also as subs of the holding company not the bank. jmo.

[JimsZ]

The examiner himself stated he didn't know what assets were gained by JPM didn't he?

His job was to see if with the current information he had available if it were worthwhile to pursue. He didn't check with the SEC to see who shorted Wamu to nothing, he didn't check to see why Wamu wasn't allowed on the no short list, he didn't check into who was shorting Wamu like crazy. He didn't check out FDIC's deal with TPG to see if that was a "GIFT". He didn't check to see what assets were transferred, he didn't check to see who took out $16 billion after Lehman's failure, he didn't check if that was the same percentage every other bank was losing at the time, he even stated that there was information JPM was putting out bad wording about Wamu months before Wamu's failure(see John Reich's comments about him telling Jamie Dimon to stop)

You can also state that JPM set aside $74 billion for failed home loans. JPM also has the assets backing that $74 billion in home loans so even if they lost 25% (which they probably won't as they are really pushing to get the foreclosures over with and then they will again give just anyone a loan to rise the prices back up).


I have myself realized this "examiner's" scope was severely limited and his hands were tied and apparently there is no fighting it, but still doesn't make what happened to me and thousands of other shareholders right. For God's sake he couldn't even talk with anyone important at the FDIC as they stuck just a couple people with a little information about Wamu to talk to him.