Posted on 10/14/2008 9:31:52 PM PDT by bruinbirdman
Problem is that McCain is just a more erratic variant of the same.
With stock options Dimon made a total of $27 million last year. The cash part, salary + bonus is $15.5 million. By Comparison Joe Stumpf CEO of Wells Fargo only made $12 million with his salary & bonus coming in at about $5 million and the rest in options. Make no mistake Jamie pays himself well.
Why does this person still have a job? Didn’t WE just take over this bank? Oh wait, we didn’t - did we. We just bought some of it. Not enough to run it, just enough to get stuck on it as it sinks beneath the waves?
If your gonna take the bank over, TAKE IT OVER. It don’t cost a cent, just declare Martial Law and TAKE IT OVER!
What we’re doing now, is just giving more money to the banks and more money and more money but we can’t make then lend. TAKE THE DAM BANK OVER....then you tell them nice and polite like...”YOU lend or YOU go to jail”.....oh and you also tell ‘em
“Oh, and you are now making what a corporal makes in the Army until your bank makes up and pays back all the money the taxpayers have lent your thieving viperous asz”.
Easy Tomas, JPM was one of the more profitable and able to buy WAmu. And now they have to sell stock to the Fed. They’re not failing.
Sorry to but in. It’s easy to loose track without a program.
You are handling it as if they are dealing with the “little people†you know how they would treat you or I. The 9 banks are the chosen one and basically own the financial world. At this time the Regional banks must get along with papa or face the blacklist.
A $700B decision, about 6 times JPM's market cap, most of the government's discretionary spending, in two weeks, is sluggish. This guy is a lunatic egomaniac. Hope the wax holding his feathers doesn't melt.
WHATS THEIR CREDIT RATING?
All these banks getting all OUR loaned out cash. I wonder what THEIR credit rating is? Must be good, real good to get all them big loans. EXCEPT they lost all that money, and owe a lot of money, and CAN’T AND WON’T pay it back.
well now, that sounds to me like someone who has real BAD CREDIT.
but how come someone with real BAD credit, gets a real GOOD loan, the biggest loan in the history of the world?
AND THESE GUYS ARE WHITE!
Not true. Lehman brought themselves down by leveraging 40-1 and getting involved in cdo's that sold at 8 cents on the dollar at open auction and by turning down a buyout offer from Korea because the offer was "too low".
Yes I know JPM demanded additional collateral but the junk Lehman had validated the collateral demand.
The crooks were at wamu, countrywide, citigroup, bear stearns and a host of other failed banks. JPM is the strongest bank in the USA because they actually bothered to follow sound banking practices. When the crises hit, home equity loans were the only crap in JPM's balance sheet.
Wells Fargo along with US bank and JPM are the 3 well run banks and all 3 CEO’s deserve praise for staying out of the housing mess. All 3 CEO’s deserve their pay.
I hope you are right on all counts.
LOL!
Are these shares of preferred stock being issued by the banks new issues just for this deal?
How does that affect currently privately held stock, anyone know how this works?
Yes.
How does that affect currently privately held stock, anyone know how this works?
Preferred shares have preference when dividends are paid. Of course if this saves a bank, the current stock will benefit.
Surprise!
http://www.newsmeat.com/ceo_political_donations/James_Dimon.php
More here:http://www.freerepublic.com/focus/f-news/2105834/posts
BTW, on that DOW futures “rally” instigated by the Brits a couple of nights ago,... ...see the FTSE 100 last night, then DOW now? ;-)
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