2 ms·
25 Billion out of the nearly 700 Billion from a bank that didn’t need the money proves that “most of the money was returned long ago”? Not very convincing. JPM
by cudgy 5y ago
25 Billion out of the nearly 700 Billion from a bank that didn’t need the money proves that “most of the money was returned long ago”? Not very convincing.
JPMorgan was actively buying up assets in 2008 and were one of the banks that was well capitalized.
“JPMorgan Chase did not want or need TARP money, but we recognized that if the healthy banks did not take it, no one else could — out of fear that the market would lose confidence in them.”
https://www.usatoday.com/story/money/economy/2018/09/14/jamie-dimon-jp-morgan-memo-actions-financial-crisis/1304253002/ https://www.usatoday.com/story/money/economy/2018/09/14/jami...