JP Morgan Sure Is Racking Up Sweet Deals

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ByLoSellHi

First, they bought Bear Stearns, with your tax dollars backstopping their risk.

Now, they have the deposits of the largest thrift in the US (WaMu), thanks to the FDIC's very hands on intervention.

It pays to know people in high places.
 
<i>"Mr. Fishman, who has been on the job for less than three weeks, is eligible for $11.6 million in cash severance and will get to keep his $7.5 million signing bonus, according to an analysis by James F. Reda and Associates. WaMu was not immediately available for comment."</i>

Kudos to Alan Fishman for making a cool $20 Million in less than three weeks.
 
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