Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

banned from Kos

(4,017 posts)

7. Morgan was a New York City/Northeast bank before they bought WaMu (or rescued them)

Reply to Lint Head (Original post)

Wed Jun 13, 2012, 11:41 AM

Jun 2012

Morgan was not in subprime at all before that.

So Morgan did not "cause" the mortgage crisis in any way.

It was the WaMus and Countrywides that did.

Edit history

Please sign in to view edit histories.

29 replies

= new reply since forum marked as read

Highlight:

The banking committee hearing is nothing more than a sham show. [View all] Lint Head Jun 2012 OP

demint is an imbecile. The idiot is NOT doing his job. In fact he said we are losing more than you still_one Jun 2012 #1

The south Sekhmets Daughter Jun 2012 #6

true /nt still_one Jun 2012 #8

Soft ball is a euphemism malaise Jun 2012 #2

Obama was right, they are the better managed bank and if THEY screw up the rest of them are uponit7771 Jun 2012 #3

That's "one of the best bankers we got"!!! nt Romulox Jun 2012 #4

A Republican Love Fest Sekhmets Daughter Jun 2012 #5

Morgan was a New York City/Northeast bank before they bought WaMu (or rescued them) banned from Kos Jun 2012 #7

That's incorrect. Sekhmets Daughter Jun 2012 #10

850 is prime, not subprime banned from Kos Jun 2012 #11

Wrong again. Sekhmets Daughter Jun 2012 #12

ridiculous - subprime is all about lack of credit quality banned from Kos Jun 2012 #14

Wikipedia?????? Sekhmets Daughter Jun 2012 #16

Wikipedia SOURCES the FDIC on the definition of subprime (that little "3") banned from Kos Jun 2012 #17

Warren Buffett Sekhmets Daughter Jun 2012 #20

How about the FDIC? Try this one -- banned from Kos Jun 2012 #18

The FDIC Sekhmets Daughter Jun 2012 #21

The FDIC is a primary bank regulator. It is their duty to value mortgage paper. banned from Kos Jun 2012 #23

And defaults caused MBS to decay which then triggered derivatives (CDS). banned from Kos Jun 2012 #15

The issue is obviously beyond Sekhmets Daughter Jun 2012 #19

I trade derivatives. We know exactly what they are worth and always have. banned from Kos Jun 2012 #22

Do you ever know what you're talking about? girl gone mad Jun 2012 #25

Yes, I am talking about JP Morgan Chase banned from Kos Jun 2012 #27

JP Morgan got out while the getting was good.. girl gone mad Jun 2012 #28

Testimony to Dimon's capable leadership banned from Kos Jun 2012 #29

The banking committee hearing is nothing more than a sham show evalu8tor Jun 2012 #9

Next week Sekhmets Daughter Jun 2012 #13

All Congressional hearings are a sham show FarCenter Jun 2012 #24

A gathering of Capitalists and their well paid employees discussing ways to improve profits. Tierra_y_Libertad Jun 2012 #26