How does JP Morgan-Chase Plan on Spending it's 25 billion?

[mulder]

http://www.nytimes.com/2008/10/25/busin ... ref=slogin

“Twenty-five billion dollars is obviously going to help the folks who are struggling more than Chase,â€￾ he began. “What we do think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling. And I would not assume that we are done on the acquisition side just because of the Washington Mutual and Bear Stearns mergers. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way and obviously depending on whether recession turns into depression or what happens in the future, you know, we have that as a backstop.â€￾

 

[The Gardener]

And THAT is EXACTLY why I am voting for Obama, despite the fact that I am traditionally an economic conservative.

The Republicans cry "socialism" when congress wants a few hundred million for a civil assistance program here or there, yet they don't even BLINK AN EYE in giving multi-billions in welfare programs to Wall Street.

The Republicans.... NO to school lunch programs and air conditioning in inner city schools, but YES to giving JP Morgan investment seed capital so they can buy out competitors and pursue "great opportunities" thanks to the taxpayer-funded "backstop".

The GOP... Gangster Oligarch Party.

 

[badasshairday III]

And THAT is EXACTLY why I am voting for Obama, despite the fact that I am traditionally an economic conservative.

The Republicans cry "socialism" when congress wants a few hundred million for a civil assistance program here or there, yet they don't even BLINK AN EYE in giving multi-billions in welfare programs to Wall Street.

The Republicans.... NO to school lunch programs and air conditioning in inner city schools, but YES to giving JP Morgan investment seed capital so they can buy out competitors and pursue "great opportunities" thanks to the taxpayer-funded "backstop".

The GOP... Gangster Oligarch Party.

The dems are part of the congress that passed all of these corporate bail outs also. And let us not forget that they are the majority.