Yeah because it merged with a real bank Chase. And it survived the last financial crisis because of a bailout from taxpayers' money. I wish when I blow my account I get to have a bailout and still be able to spend the bailout money on myself. https://www.nbcnews.com/id/wbna34865562 Instead I had to go back to my day job and earn back the trading capital.
Are we seeing clues that banks are in trouble?
- Thread starter Innervoice
- Start date
Yeah because it merged with a real bank Chase. And it survived the last financial crisis because of a bailout from taxpayers' money. I wish when I blow my account I get to have a bailout and still be able to spend the bailout money on myself. https://www.nbcnews.com/id/wbna34865562 Instead I had to go back to my day job and earn back the trading capital.
Incorrect memory, banks repaid government tarp money few years later, and USG made few bucks on its capital purchases. The real Main Street businesses like GM were bailout without repayments.
https://www.cbo.gov/publication/57341
I don't recall JPM ever being in serious trouble as a going concern. In fact, a brief look at news items reveals they took on Bear Stearns to help with the crisis. What are you basing your opinion on ?