Will JPMorgan Lend Its Bailout Cash? Perhaps Not

My Tax Dollars

JP Morgan's acquisition of WAMU should not only come with the positive, but include the negative as well. The slate should be wiped clean of all debts since they used tax dollars paid by the US citizens to purchase WAMU. JP Morgan has no intention of paying back this loans, it just doesn't have the capital due to the negative purchases. This is pure greed. For the taxpayers that have already falter use you debit card to spend over the limit up to $1000 then declare bankruptcy.

GAredneck of GA @ Mar 09, 2009 10:34:26 AM

JPMChase Employee

JPMorgan Chase is doing everything it can to help out the economy. We have solid leadership team that will take neccessary steps to insure the well being of our customers, our company and our employees. I have skin in this company and I myself will make ethical and sound decisions when it comes to lending. That does not mean I do not want to lend but I will lend to qualify borrowers. If we do not do what is best for our company then we will be out of business just like the many financial instutions out there right now.

Von of TX @ Nov 14, 2008 17:50:55 PM

Pay attention to all news sources

Per CBS news, when the top nine banks were put in a room with the Fed, they were told that they had to accept the money because to be on the outside would erode consumer confidence in the TARP. Sorry for the sour grapes from DL of CA but there may have been a good reason why he is an ex employee. Research more about Dimon and his philosophies (Charlie Rose interviews of Jamie Dimon on the web for instance). Sure, they are out to make a profit for shareholders but Chase leads in assisting communities, participating in SBA programs, disaster aid when & where needed; do more research than coming off high handed by reading only headlines.....and drawing stupid mis-aimed generalities.

steve of IN @ Nov 14, 2008 09:25:40 AM

What did we expect?

I'm a Republican and a capitalist. Not that this is either, this is crony, state capitalism. They are living up to every sterotype, all because they can't take their medicine.

I guess Bush did learn something from Putin. He looked into his eyes, and saw a kindred soul.

Arif Jayish Al Amiriki of NJ @ Nov 02, 2008 13:37:30 PM

Big bank Small bank!

I believe JPMC.will distribute the new capitol in the way to help the most people.They should use the money to buy smaller under capitalized banks,so they can spread their footprint to new territory.With strong money center banks,the local area has the strength of rock solid banks in there home town.A new big bank in town is not going to run customers away.They come to offer capitol,community programs.and a host of other products and services for the local community!

It's ashame these banks have a difficult time crossing state lines as it is.

These financial times we are in now are a great oppertunity for these banks to expand.I never knew why they havene't been allowed to be nationwide long ago.Just like hamburger stands or conveient stores we grew up with in every local community they are here only cause they do the most for the most, Or they simply would have disappered years ago.Only the best and most can do the best for the most!!It's nothing to be afraid of!

Donald Ray Watson of TX @ Nov 02, 2008 06:34:57 AM

Hell to pay

The "Hell to pay" will not include, not giving the banks additional billions. Dodd is head of the Banking Committee and knew full well what was going to happen.

Politicians are corrupt from top to bottom, both parties.

Tom Lundy of FL @ Nov 01, 2008 12:27:44 PM

Hell to pay

The "Hell to pay" will not include, not giving the banks additional billions. Dodd is head of the Banking Committee and knew full well what was going to happen.

Politicians are corrupt from top to bottom, both parties.

Tom Lundy of FL @ Nov 01, 2008 12:27:42 PM

JPMC will only look to line it's own pockets

I'm obviously biased as a former JPMorgan Chase employee, but my feeling is that they will look out for themselves and only themselves.

This is a company who's currently undertaking a plus $500 million expense to "change it's email client" on what essentially came down to an "executive whim" and backroom deals although I'm sure many a response can be conjured up to justify this expense. And then they go on with massive layoffs or "reductions in force" as they like to refer to them as in these tough economic times.

No this is a company that's all about protecting it's bottom line regardless of how it's done. Don't expect them to lend a hand, much less a buck, to anyone else.

DL of CA @ Oct 28, 2008 19:47:03 PM