Jamie Dimon's Bizarre Idea About Why the Recovery Has Stalled
Intro: "According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I'm not making this up. At a financial conference today, Dimon told Fed chief Ben Bernanke there's no longer any reason to crack down on Wall Street. 'Most of the bad actors are gone,' he said." READ MORE http://lists.readersupportednews.org/ss/link.php?M=97057&N=186&C=1dd8eda18921c93d23fbf1b9027dcc6e&L=241
"Dimon believes most of the bad actors are gone. To the contrary, none of the truly bad actors has been prosecuted. In fact, most are making more money than ever before."
Don't you find it even a little bit "hinky" that the OTS ordered the exchange event, and then a few hours later (If i remember right) seized the Banks?
Walrath ruled there was an exchange event, but the timing of such does not support it. It was her way of continuing to support JPMC, not JPM. JPMC is benefiting from the collateral that TPS was tied to and if the exchange event did really occur, the hold co immediatley filed for BK protection and that included TPS.
I agree with you and when Rosen cited "complexity" yesterday, I could only read one thing - JPM and FDIC are now at the table.
For the TPS, I could never understand one thing - why THJMW gave them(and us) false hopes back in the fall of last year saying that " ...many people may want to ride your coat tail..." meaning you have a good case and you will likely win. What changed or who or what made her changed her mind ? Did she really think the examiner will do her job ?
fsshon, As ?usual you're knowledge of all this amazes me. I feel lost wading through all these posts. My question to you is do you think ANYTHING has changed after yesterdays court? meaning do you still believe WAMUQ share holders (ALL OF US) will still get a settlement? May sound dumb BUT I have had 3 dealings with Lawyers in my life and ALL burned me. Thanks again. Jaydubs