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Economy

mbperrin

(7,672 posts)

7. Is the $15 billion loss in their stock value also just nothing?

Reply to banned from Kos (Reply #2)

Sat May 12, 2012, 06:44 PM

May 2012

Can't understand when all this is nothing when they were thrilled to get $25 billion from you and me in 2008 in order to buy more companies.

Shouldn't they have just thrown it in the trash?

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Bring Back Glass Steagall [View all] Left Coast2020 May 2012 OP

Precisely Sherman A1 May 2012 #1

No he doesn't. Glass-Steagal had nothing to do with derivatives banned from Kos May 2012 #2

Is the $15 billion loss in their stock value also just nothing? mbperrin May 2012 #7

Those days are over with re Glass-Steagall. westerebus May 2012 #3

Glass Steagll II was later FogerRox May 2012 #6

Sorry, off by a year. n/t westerebus May 2012 #10

It was the 1933 Banking Act Po_d Mainiac May 2012 #9

Rec'ing for more discussion. Gregorian May 2012 #4

Also, Max Keiser is predicting this is the beginning of the Enron-like devaluation of JP Morgan. Gregorian May 2012 #5

That would a fitting end to a useless institution. mbperrin May 2012 #8