[Always Right]

First they marked it down 95% now they mark it up 500%. Cool. They will still pay less than 30 cents on the dollar for it.

[Attention Surplus Disorder]

“First they marked it down 95% now they mark it up 500%. Cool. They will still pay less than 30 cents on the dollar for it.”

And the Fed will be non-recourse financing the deal in favor of JPM. Just incredible.