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To: dynoman
The chart looks like it does because it would have gone bankrupt if the feds hadn't twisted JPMs arm to buy them.

Finally? LOL! I knew it real time.

44 posted on 02/09/2014 10:27:22 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot
your post 23 reply to me makes it look like you didn't know it in real time:

"That was Bear Stearns, trading at $2, bought for $10 a share. "

It wasn't "trading at $2, bought for $10". It was trading at 30, the Fed ordered JP to buy it, JP valued it at 2 and bought it for 10 so they wouldn't look like vultures in the eyes of the public.


50 posted on 02/09/2014 11:25:21 AM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
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