Saturday, May 16, 2009

Gov Shovels More Cash to JPMorgan Chase

Jamie Dimon continues to be the banker of choice for the Obama administration.

Writes NyPo:

Dimon's firm is scoring lead mandates to help both troubled auto companies restructure as well as handling the planned merger of Chrysler's finance arm with GMAC, resulting in lucrative fees for the bank...

[The] relationship has been blossoming since last year, when the onset of the financial market's unprecedented credit crisis led the Federal Reserve to arrange a shotgun marriage of JPMorgan and Bear Stearns, in order to prevent the latter bank from collapsing.

Sheila Bair's Federal Deposit Insurance Corp. then called upon the bank to merge with Washington Mutual last year after the beleaguered Seattle-based thrift stumbled due to souring mortgages and faced a run on the bank...

Dimon's firm was among the 19 largest lenders tested under the government's so-called stress test but wasn't forced to raise any additional capital. Meanwhile, its peers, including Wells Fargo, Citigroup and Bank of America, all were told to raise billions more in cash...
If Wells Fargo or BofA was treated the way Dimon has been, especially given the sweetheart deals of Bear Stearns and Washington Mutual, it would be Wells and BofA not needing cash and JPMorgan scrambling to raise billions.

Our question continues. Does Dimon have pictures of Geithner performing unnatural acts or was the fact that the former Chase Chairman John Whithead was partly responsible for Geithner becoming Fed president enough for Geithner to deliver for Dimon, time after time?


  1. I can't believe Obama is being bamboozled by Dimon...He is going to be found out sooner or later, and Obama would be wise to distance himself.

    I hope Judge Walrath grants the investigation that has been asked for.

  2. Burn in hell dimon!!!!!

    Fucking low life pos

  3. It seems strange that wither someone owes somebody something or their getting a cut of whats stolen. JPIG has been crooked since day1 and he is still going strong but with this WAMU story going on right now it's going to catch up with him once the facts come out. Vengence is mine sayeth the LORD