TheRealMafoo on 28 October 2008
Akuma, you were for this the entire time. Why against it now?
As for this story, it's a none issue. It's the result of the Fed being stupid.
They summoned the CEOs of the top nine banks to Washington, and told each one that they are going to take 25B each, even if they don't need the money. They did not want to telegraph to the US people which banks were in trouble, so they made them all take it.
Chase was not in trouble. They are giving out loans, and have been all along. So, they took the money, and are doing something else with it.
This is a non-story.
P.S. I was adamantly against this from the start. Stupid idea.
