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To: RoosterRedux

Dimon is showing very good sense. He readily remembers 2008 when his pal the Bush Treasury Secretary bailed him and his other banking buddies out with OUR money and they did very well. Example - John Thain was CEO of Merrill Lynch which was in such bad shape that the Treasury Secretary forced Bank of America to take them overusing tens of billions in taxpayer money that could have gone to useful purposes like a refund. Thain arranged for his ML executives to get $ 5 billion in bonuses - since when do you get a bonus when you run your company into the ground??


9 posted on 11/29/2023 9:34:20 AM PST by laconic
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To: laconic

2008 bailouts were a blot on free enterprise. The taxpayers got the shaft. They promoted NINJA loans, profited from it, and then got the best money one can by government to indemnify them against losses they caused. BTW, none went to jail.


16 posted on 11/29/2023 9:48:54 AM PST by Mouton (US Home to one party rule)
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