Wednesday, August 24, 2011

Is Jamie Dimon about to be Gifted Bank of America?

While Lloyd Blankfein spends his days in consultation with his criminal attorney, Jamie "Obama's favorite banker" Dimon continues to expand JPMorgan Chase.

A rumor is circulating that JP Morgan will takeover Bank of America. The takeover will be backed up by a $100 billion government "investment" in preferred shares issued by the combined entity.

These deals usually work out very well for Jamie, to the tune of billions.
at 3:47:00 PM

5 comments:

  1. AnonymousAugust 24, 2011 at 4:03 PM

    Hmm, I guess that would explain the hiring freezes a few weeks ago.

    ReplyDelete
  2. AnonymousAugust 24, 2011 at 5:51 PM

    Government ownership of banking...How wonderful!

    ReplyDelete
  3. AnonymousAugust 24, 2011 at 5:57 PM

    Keep one bag packed.

    ReplyDelete
  4. AnonymousAugust 24, 2011 at 7:37 PM

    I wonder what happens to B of A shareholders in the deal if it goes down.

    ReplyDelete
  5. HeathAugust 24, 2011 at 8:33 PM

    one gift horse Jamie should check, after all nobody wants to see chase go the way of BOA, do they?

    ReplyDelete

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