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To: Henry J Costanzo who wrote (161225)	2/3/2008 5:31:41 PM
From: robert b furman	Respond to of 209892

Hi Henry, OFF TOPIC WEEKEND FA: In the 4 dealerships I'm invested in - we floor plan at all of them with JPM. They bought Bank One and that is how we got to floor with them. JPM is run by Jamie Dimond and he is a hands on brilliant guy. If they can't be #1 in a sector they exit it. They choose who to do business with and are extremely competittive. They offer to the best rates only to those who are disciplinned and will not risk them to loss exposure. This is true with their car loan rates - they are the lowest,but only to those who have the best credit. These guys are good and have already hugely distanced themselves from the others whowere lead into disaster by the addiction of high fees and lower quality loan prtfolios that were sold off to the world and are now coming back to roost. I have no doubt that this company will surpass C in the very short run and long run. They just have small town banker values at a very large bank asset level. JMHO Bob