Let’s see:
1. So these powerful banks several of which have gone bankcrupt in the last several days and months are the big winners in your view? Try telling that to their former stockholders.
2. JP Morgan/Chase buying WaMu means the US tax payers did not via FDIC have to bailout their depositors. Are you unhapy we can’t have a bailout there.
Morgan gets the goodies and the taxpayers get the trash of WM. Is Morgan going to eat the bad debt? No. And do you think the taxpayers won’t get the bill? Bush had come out and said it in the beginning. It will only put more power in the hands of a few. It’s new world order stuff. Oh, who coined that phrase? Wasn’t it Bush’s daddy? This bailout stinks of high heaven and will degrade life for the rest of us.