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J.P. Morgan/Chase chairman Jamie Dimon has been whining for months about the TARP program, calling inclusion in it "a scarlet letter," bitching and moaning about the government control that came with it.
Today, Dimon got his wish... permission to repay the US... the $25 Billion he says he was forced to take.
What a crybaby!
Dimon and JP Morgan/Chase really have little to whine about.
Dimon fleeced the stockholders of Bear Stearns for about $8.50 per share for a stock that not long before that had traded...at $172.
Initially, Dimon offered just $2!!! per share... insulting his future employees and stock holders.
(Full disclosure...my IRA account held only BSC stock...with all dividends re-invested... from 1985 until it was virtually wiped out by Paulson, Bernanke, Geithner and Dimond's in 2008 St. Pat's Day deal... rewarding Morgan for taking over SOME of BSC's assets and liabilities. That account now holds token of JPM stock. )http://www.huffingtonpost.com/raymond-j-learsy/is-jp-morgan-a-bank-or-a_b_212971.html
Showing posts with label Bear Stearns. Show all posts
Showing posts with label Bear Stearns. Show all posts
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