Jpm" ofcourse wearen't going to loan any of that $25B"

Discussion in 'Financial Cents' started by Tango3, Oct 27, 2008.


  1. Tango3

    Tango3 Aimless wanderer

    http://www.clusterstock.com/2008/10/jp-morgan-of-course-we-won-t-use-bailout-money-to-make-loans

    What we do think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling. And I would not assume that we are done on the acquisition side just because of the Washington Mutual and Bear Stearns mergers. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way and obviously depending on whether recession turns into depression or what happens in the future, you know, we have that as a backstop.


    So they're gonna use it to buy up struggling competitors.!
     
  2. Quantrill

    Quantrill Monkey++

    Did'nt see that coming :rolleyes:

    I mean after all we are only footing the bill, so why not let these bastards be greedy. Then after they have blown this wad of cash being greedy we can hunt these f^(kers like the swine they are. People are starting to get mad finally. :mad:
     
  3. Tango3

    Tango3 Aimless wanderer

    Idon'tcare if I have to vote for the "rainbow bathhouse coalition party" [haay][afro][haay]no incumbent will receive my vote.
    I don't think "we" gave them a wad to; "go buy up all your competitors and come out ahead"...
     
  4. RouteClearance

    RouteClearance Monkey+++ Site Supporter

    I belive alot of us said this was what was going to happen to begin with, but it is too late to go back.
     
  5. annie

    annie Monkey+++

    It's about time someone got mad. The only thing the Bailout did was to reward the so-called creative (& greedy) fraudulent financial experts. That whole scenario had a major assist from fed reserv chairman and secretary of treasury, both appearing before Congress and promoting fear and threats of a financial melt-down, when it didn't have to happen. It is so disgusting it is beyond words.
     
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