Comments on: JPMorgan Chase Biggest U.S. Bank With Its Purchase of Failed WaMu

By: JPMorgan, Goldman Sachs Profit Surge is an Accounting Mirage, Not a Sustainable Sector Trend

Fri, 17 Jul 2009 10:16:57 +0000

[...] JPMorgan’s case, the firm took on $118.2 billion in toxic debt when it acquired Washington Mutual Inc. last year. As a receiver of that debt, JPMorgan was allowed to mark that debt down to “fair [...]

By: The Newest Ruse: Banks Capitalizing on “Toxic Assets” to Book Puffed-Up Profits

The Newest Ruse: Banks Capitalizing on “Toxic Assets” to Book Puffed-Up Profits — Tue, 02 Jun 2009 14:39:13 +0000

[...] Chase – which alone reportedly stands to reap as much as $29 billion in windfall income. It started when JPMorgan literally bought WaMu from the dumpster (technically acting as something called “…, and was allowed to mark the toxic debt that came with it down to “fair value” – which [...]

By: The Top 12 U.S. Banks: From Zombies to Hidden Gems

The Top 12 U.S. Banks: From Zombies to Hidden Gems — Fri, 20 Feb 2009 19:33:58 +0000

[...] large investment banking operation. It bought The Bear Stearns Cos. Inc., investment bank in March and the Washington Mutual Inc. thrift in September, both with Federal government [...]

By: Bank failures, Federal Deposit Insurance Corp. (FDIC) |

Bank failures, Federal Deposit Insurance Corp. (FDIC) | — Thu, 08 Jan 2009 20:49:55 +0000

[...] Money Morning News: JPMorgan Chase Biggest U.S. Bank With Its Purchase of Failed WaMu. [...]

By: Credit Crisis Safety Plays: Banking Ratings Report Can Provide Peace of Mind and Warn You if Your Bank is Weak | Geiger Index - Keith Fitz-Gerald

Wed, 17 Dec 2008 15:49:30 +0000

[...] times riskier – which equates to more than a full order of magnitude – than the average bank. WaMu has since been purchased by JPMorgan Chase & Co. [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Fri, 14 Nov 2008 16:10:09 +0000

[...] riskier – which equates to more than a full order of magnitude – than the average bank. WaMu has since been purchased by JPMorgan Chase & Co. [...]

By: Credit Crisis Safety Plays: Banking Ratings Report Can Provide Peace of Mind and Warn You if Your Bank is Weak

Fri, 14 Nov 2008 08:31:10 +0000

[...] riskier – which equates to more than a full order of magnitude – than the average bank. WaMu has since been purchased by JPMorgan Chase & Co. [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Mon, 10 Nov 2008 19:47:56 +0000

[...] deal transformed JP Morgan Chase into the biggest U.S. bank, Money Morning reported. Subsequent to this deal, U.S. banks have been using government money from [...]

By: By Ignoring the Treasury Secretary’s Advice, Did WaMu Make the Worst Possible Deal for Itself?

Mon, 10 Nov 2008 18:26:42 +0000

[...] deal transformed JP Morgan Chase into the biggest U.S. bank, Money Morning reported. Subsequent to this deal, U.S. banks have been using government money from [...]

By: Bank failures, Federal Deposit Insurance Corp. (FDIC)

Bank failures, Federal Deposit Insurance Corp. (FDIC) — Sat, 08 Nov 2008 15:57:33 +0000

[...] Money Morning News: JPMorgan Chase Biggest U.S. Bank With Its Purchase of Failed WaMu. [...]