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To: Rusty0604
I don't think the banks were treated fairly in the events leading up to the crisis ( gov't forcing them to give credit to people that can't pay it back).

Also a good point.
36 posted on 11/11/2015 6:44:48 AM PST by cripplecreek (Pride goes before destruction, and a haughty spirit before a fall.)
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To: cripplecreek

And making JP Morgan Chase take bailout money (they were the only large financial institution who were not heavily vested in high risk mortgage investments). They begged Chase to take on WaMu vs. collapse and Dimon only took it on with assurances from the Feds that they back the takeover hence JPMC took money. When they absorbed the bank writhing 9 months sought to immediately give the money back early but the government wouldn’t allow it (they stil wanted control). A dirty little secret most do not know about that Chase was not at risk, did not want the money but were cornered to take on one that failed WaMu.


55 posted on 11/11/2015 8:56:37 AM PST by Jarhead9297
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