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JP Morgan, which won the auction, has long had its eyes on the failed bank's branch network in California, Florida and Washington State.
"We're in favour of what the government is doing, but we're not relying on what the government is doing. We would've done it anyway," said Jamie Dimon, JPMorgan's chief executive.
WaMu, which has more than 43,000 employees, had $310bn of assets and $182bn of deposits at the end of June. Together the two banks will have more than $900bn of customer deposits.
WaMu is JP Morgan's second acquisition this year of a distressed financial institution. In March, it bought investment bank Bear Stearns for about $2.1bn.
Originally posted by marg6043
Let put a price on the heads of this mother F, and finish their rule of horror.
When I read things like this it only makes my blood boil and my blood pressure goes out of control.
Is just despicable and they have not decency to hide it either.
Originally posted by DisabledVet
Originally posted by marg6043
Let put a price on the heads of this mother F, and finish their rule of horror.
When I read things like this it only makes my blood boil and my blood pressure goes out of control.
Is just despicable and they have not decency to hide it either.
Agreed, but even Presidents and all their "power" have been fruitless in their attempts to do anything...and the message that was sent to Lincoln and Kennedy couldn't be any clearer....
Originally posted by kundalini
Really disgusting stuff. And cudos to you for consolodating all that info for us here. It really makes me wonder that there must be something we can do, however radical, to bring down such a tyranical rule.
Originally posted by kundalini
Well presidents and leaders in general are powerful, but very vulnerable at the top. Now if an entire nation turned against them. That would be something i'm sure.
Originally posted by DisabledVet
Aborting yourself of their system of control is the only way to truly be free...
[edit on 26-9-2008 by DisabledVet]
Originally posted by kundalini
I can see where you're coming from. The Islamic terror groups have thrived on being near invisible and ingrained in societies all round the world. This is massivily successful. But all the do is blow up innocent people mostly and, misguidedly for religiously biased reasons. But if you had highly trained assassins that were so invisible, so ingrained. A nice thought if you ask me.
Agreed, but surely any word of such a revolt would be squashed immediately.
Originally posted by Maxmars
reply to post by DisabledVet
Nicely done sir or ma'am!
Most well said.
However, if we accept this scenario as valid, our course is clear, as marg6043 so aptly put it, we must eliminate this blight on humanity. We must if we as a society are to evolve, otherwise the genetic pool will be drastically diminished and we will lose the ability to craft our own fate.
I know that sounds melodramatic. But it seems self-evident to me. Inaction is, in this context, treason.
Originally posted by HimWhoHathAnEar
Good News: They loose in the End!
Originally posted by HimWhoHathAnEar
Kudo's to the OP. Good job on putting together a tight synopsis of the problem.
Good News: They loose in the End!
Originally posted by Universal Light
Understanding the truth should set everyone free though the majority will feel more weight than ever. The masses will not be able to let go of the fake life that has been created for them and will infact fight for the life they used to have. People don't like change and adore comfortability.