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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: David C. Burns who wrote (1142)9/22/2010 9:49:17 PM
From: Sr K  Read Replies (1) | Respond to of 1428
 
wsj.com

By CARRICK MOLLENKAMP

Big U.S. banks are facing legal pressure to make up for losses tied to pools of soured low-end mortgage loans.

In the latest effort, a group of investors in 2,300 mortgage securities worth roughly $500 billion is seeking to force several banks that originated or are now servicing faulty subprime-mortgage loans to repurchase or modify them.



To: David C. Burns who wrote (1142)9/23/2010 3:12:18 PM
From: tejek  Read Replies (1) | Respond to of 1428
 
JPMorgan’s US acquisitions pack punch

Bear Stearns and WaMu deals consolidated lender’s position as a winner of the crisis.

Don't remind me. WAMU was a huge loss for this area. People are still depressed about it. In fairness, Chase ain't bad but they are not WAMU.

And JPM probably is the best of the big banks.

Are you holding this one?


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