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Politics : Welcome to Slider's Dugout
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From: colburg3/18/2008 9:42:50 PM
   of 50731
 
Is the Stearns buyout a JPM bailout?

How about this little ditty for why JPM would buy a piece of crap like Bear Stearns. Other than doing it to the public one more time.

My dad and I were talking last night about how F'ed up this whole deal was and he reminded me that JPM was the largest holder of mortgage derivatives or maybe they were second, and Chase was either second or first also. So when they merged, the new JPM was definitely the largest holder of the derivatives at that time, perhaps they still are the largest holders.

Is this an attempt to shore JPM's balance sheet at the expense of the shareholders of Bear Stearns and the public on the sly?

Comments Welcome
colburg
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