[SierraWasp]

Hi rohry,

I know this might well be off the subject, but have any of your "Pingees" been following this trial where J. P. Morgan-Chase is suing insurers for not paying off on surety bonds that J.P. Morgan-Chase used to back loans, when it's against the law for insurers to insure financing arrangements in such a manner?

J.P. Morgan-Chase lawyer admits circular deals with Enron

I would be interested in FReepers "take" on this. Maybe it should be it's own thread, but it has a bearing on scandals, the bubble, wrong-doing and the stuff that is driving this market into the toilet, much to Democrats and doomsayers delight.(misery loves company, right?)

[arete]

I think that the court will rule against JPM on this one, but I could be wrong. I have no love for either JPM or the insurance companies. Both were out to make a fast buck and bend the rules.

Richard W.

[Ernest_at_the_Beach]

Posted on FreeRepublic here.