Ah yes, the infinite wisdom of Congress and the unintended consequences of government intrusion.....thank you Barney. http://www.nytimes.com/2009/04/01/business/01bank.html?ref=global
JP Morgan and Goldman are not far behind.....both awaiting "permission"!? Goldman announcing a multi-billion issue to raise capital in the private sector - the good old-fashioned way. Dimon telling investors on his conference call that he "could pay it back tomorrow" if they'll let him..... To those that are interested, I've posted a link to Dimon's letter to his shareholders. In the letter he provides what I have found to be the best review - that he can provide for the record as he can be fairly blunt - of the events that contrubuted to the worldwide credit crisis. There are alot of buzzword/acronyms but if you can navigate your way through it, it's as good as you'll find from somebody in a unique perspective to view....you won't want to read the whole thing, the relevant sections start on page 13 and runs for 4 or 5 pages. Also, his description of the infamous "TARP meeting" is contained on page 11 - it may help clarify the facts for many. http://files.shareholder.com/downlo...8390c6eac5/2008_AR_Letter_to_shareholders.pdf For the objective fact-based observers, it will provide some helpful insights....for the bashers, they will continue to the barricades in any event....