remember a long time ago, sometime in the distant past, like monday...

JP Morgan decided to ask if they could turn into a "regular" bank instead of an investment bank? Remember that? Why would they want to do that, you may ask? Well, we all asked, because it didn't make a hill of beans of sense.

Unless you feel that the JP Morgan board sat up there in the JP Morgan board room, and read some tea leaves, and said, "Maybe we should be GOOD GUYS for a change".

Yeah, right.

So, here it is.

I am coming to believe that this whole crisis was engineered, and at the end of it all, there will be about 3 banks left standing, holding all the cookies. that was their plan, and that's how it will come about.

lexicon

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Morgan Stanley bought Washington Mutual, Big deal. If we didn't dangle $700 million in front of their noses, many other corporations and enormously wealthy individuals would buy up alot of what is now worth very little. It is a long shot. But they should be allowed to do what they do best. Those types of investors would be a motivating force to get some of these institutions operational again. Alot of restructuring but worth it. Throwing tax payers money at the problem doesn't inspire the recipients to give a damn. There's always more where that came from. Well, there isn't. Fact is this won't be easy, but greater care is given to money that has an identity. "Taxpayers dollars" appears to just fall from the sky. Is it so terrible to have someone like Warren Buffet keeping an eye on his money? I don't think so. The rest of us don't even know where our money is going. Thanks, ANNA

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Isn't it enough that we lose American soldiers for these zioni$ts? Now they have to steal $700 billion to bail out Goldman Sachs and Morgan Stanley. Does anybody care about the little guy? How did you do in New Orleans, did you get $700 billion? You didn't even get $700.00. Endless bail-outs for foreign nationals, yet another infringement on our rights by the gov't. Add it to the ever-growing list of violations:
They violate the 1st Amendment by opening mail, caging demonstrators and banning books like America Deceived (book) from Amazon, Wikipedia and Facebook.
They violate the 2nd Amendment by confiscating guns during Katrina.
They violate the 4th Amendment by conducting warrant-less wiretaps.
They violate the 5th and 6th Amendment by suspending habeas corpus.
They violate the 8th Amendment by torturing at Gitmo.
They violate the entire Constitution by starting illegal wars without declaration.
Impeach them all (both parties) and save this great country.

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No special economic theory on my part. Rather, I have a credit card through them. I'd been using it to pay medical bills after I broke my back. One day, I got a letter telling me that they'd lowered my limit by more than $1000- down to the amount already on the card. The date on the letter was about a week earlier than I actually received the letter. During that week, I'd been using it as normal. So, by the time I got the letter and found out my limit had been lowered, I'd already spent over the limit. What kind of crap is that? I contacted the Better Business Bureau and filed a complaint. No action from Wa Mu, I sucked it up and paid the fines. It was an attempt to raise cash through fines! I paid that card off 100% and haven't used it since. Fucking shady bastards, I'm glad they failed.

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Let me get they are getting ALL of the assets and SOME of the liabilities . I guess that we WE are on the hook for the rest of the liabilities .

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Remember when Bear Stearns was bought buy JP Morgan a couple months ago and I said, "they are just getting started"? well boys and girls, here they go again!!! Are you ready for this?
JP Morgan Chase is one of the largest banks that own the Federal Reserve and JP Morgan is now purchasing assets for pennies!!! How do you purchase the banking assets of a company (WaMu) for $1.9 billion that possesses over $300 billion in assets AND $188 billion in deposits?!! Somebody help me here, but the numbers just don't add up... I mean, doesn't that seem like quite the return on an investment? I mean, sure, $1.9 billion is a lot of money, but $1.9 billion in exchange for $300 billion in assets!!??

They are making themselves out to be "rescuers" now?!

In the early 1900s, JP Morgan himself was one of the masterminds behind establishing the Federal Reserve. What wealthy, greedy and powerful man wouldn't want to control the economy of what was becoming the most powerful nation in the world, especially if he could get away with it? So... here we are many years later and the "business plan" of JP Morgan hasn't changed...
Let me go out on a limb and draw up a picture here (if I wasn't yet)....The Federal Reserve, which again is owned by JP Morgan Chase (JP the original is dead of course), Goldman Sachs and a few other banks, manages to manipulate the U.S. economy through the Federal Reserve, watches it balloon, watches it crumble, and then sweeps up the lamb chops. Didn't we already see the Federal Reserve "finance" the purchase of Bear Stearns for JP Morgan already (convenient)???? And umm, for pennies! Gee whiz, anyone see a trend here?? Why do they get to benefit from all of this and the rest of us in this country shutter??
Why isn't anyone buying up JP Morgan or Goldman Sachs? Aren't they in trouble?? Why aren't any of the banks that own the Federal Reserve in trouble???
Now, you see a shrewd guy like Warren Buffett. A free market capitalist who plays by the rules investing in Goldman Sachs (again another Federal Reserve bank)! But, you see, he knows the score. He knows Goldman Sachs or any of the Federal Reserve banks aren't going anywhere and he knows they are about to sweep up the lamb chops. I wish I had $5 billion too, because I probably would have invested in JP Morgan myself because they really OWN the system. But you know who really knows the score? That's right, the banks that own the Federal Reserve...
Here is a question, Why wasn't Warren Buffett privy to buying the assets of WaMu for himself, heck I am sure he would have considered the opportunity to out bid JP Morgan if he was given the opportunity or had the info, right? Well, Warren Buffett isn't a bank and able to purchase the bank assets of another bank, that is one of the luxuries of being a bank. Besides, Buffet doesn't have all the inside information that JP Morgan and the good ol' Federal Reserve have anyway.. Warren Buffett is just a single man who plays buy the rules and does well for himself, but he isn't the Federal Reserve and even his $5 billion is nothing compared to their pockets. Besides, they know where all the real easy pickens are, because they are the ones driving the sheep to slaughter!

"baaaaaahhhhhhhh!!"

Don't forget, the "Federal Reserve" is asking "John and Betty taxpayer" (that'd be you and me) to buy up all the worthless assets/liabilities in the economy with $700 billion. But, JP Morgan sure is jumping all over the better deals before our tax dollars can aren't they?? Hmmm, sure would have been nice to use some of our own $700 billion, maybe say $2 billion of it to buy $300 billion in assets from WaMu, eh?
I don't know how much longer I can take this.....
Does anyone know of a country that has a free market system, civil liberties, a worthy constitution AND a currency that isn't managed and owned by a small handful of rich bankers?

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