These comments brought to you by Barack Obama’s future Sec of US Treasury.
Hey, it’s Obama’s Treasury Secretary. He’d be doing a better job, natch.
Not to worry, Chief - we’re gonna nationalize the banks. Soon, America’s economy will be just as strong as that of... oh... say, Chavez’ Venezuela.
Ewwwww...I thought about buying JPM stock. I'm glad I chose something else now knowing that the CEO is an Obama-phile.
The Senate, "the most deliberate body in the world" rubber stamped this atrocious bailout. Well, almost. The Senate did manage to add a little pork for themselves as another layer crap sandwich for us.
At tonight's meet the candidates forum in Chicago, the loudest applause was when an audience member asked a Congressional candidate how he would vote on the bailout.
No. Twice. Was the answer.
The nation is thinking: broom.
OLA
Credible...credible.
I’ll keep all of this in mind in the future. /s
Dubya needs to go down there and put a boot in this guy’s ass.
...interesting. Our Government is investing in the banks without controlling them. Britain’s government will take some control of its private banks.
Let’s ask Robert Rubin, vice chairman of Citigroup, what he thinks...as soon as he gets back on the company jet from fly-fishing in Montana.
That is why honest, prudent, and intelligent people should be rewarded and promoted in business.
Perhaps Harvard could require a six-month internship in Atlantic City, so that their graduates might recognize such traits.
That made me chuckle.
It is when the foxes scream about how long it is taking us to pull their leg from the trap they leaped in, that I want to leave them in the trap to starve to death.
The greedy pigmen like Dimon and the brokers in Morgan ARE A BIG CAUSE of this credit crisis.
Yes Jaime, we get to pay for your obscene bonus because we don’t want to go down with you, but you are very near to pissing us off enough to throwing you over even if we go down ourselves.
Greedy bastards. May they all burn in hell.
Why does this person still have a job? Didn’t WE just take over this bank? Oh wait, we didn’t - did we. We just bought some of it. Not enough to run it, just enough to get stuck on it as it sinks beneath the waves?
If your gonna take the bank over, TAKE IT OVER. It don’t cost a cent, just declare Martial Law and TAKE IT OVER!
What we’re doing now, is just giving more money to the banks and more money and more money but we can’t make then lend. TAKE THE DAM BANK OVER....then you tell them nice and polite like...”YOU lend or YOU go to jail”.....oh and you also tell ‘em
“Oh, and you are now making what a corporal makes in the Army until your bank makes up and pays back all the money the taxpayers have lent your thieving viperous asz”.
A $700B decision, about 6 times JPM's market cap, most of the government's discretionary spending, in two weeks, is sluggish. This guy is a lunatic egomaniac. Hope the wax holding his feathers doesn't melt.
Are these shares of preferred stock being issued by the banks new issues just for this deal?
How does that affect currently privately held stock, anyone know how this works?