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| User Info | Windup Wednesday; entered at 2008-05-21 13:35:52 | |||
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Rutben Posts: 1417 Registered: 2007-07-27 Phoenix, AZ 
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Am watching Panel 2 of Senate hearing on BSC. Dimon testified all BSC collateral put in LLC were current loans of "investment grade" and as a "public service", JP Morgan took on the riskiest stuff. BSC tangible book was $12 billion. JP Morgan paid $1.18 billion and assumed assets/liabilities of $360 billion...discount equal to 3% of "assets". Noticed on BSC quarter ending 2/29/08 "other assets" had coincidentally increased by $29 billion from prior quarter offset by $26 billion increase in "other liabilities". Got info from Yahoo Finance and did not look at 10Q yet. Any guesses as to what this is and how it ties in to $29 billion bailout of BSC creditors?
2008-05-21 13:35:52
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