Bugs

What Have You Done, Jamie Dimon?

J.P. Morgan (JPM) used to be the bank with the AAA rating who served corporate America's banking needs. Chase Manhatten (CMB) was the older, commercial bank. The merger created a world class bank. J.P Morgan Chase is now a world wide bank. Stronger by its roots than it's only rival, Citigroup. Second guesing them is useless, they are the pinnacle.

WaMu: Speculative Value Play

WaMu will raise no more capital selling common or preferred shares. TPG has a clause requiring some horrific payment if their shares are diluted by WaMu. I can't remember the details but the author, a former insurance agent and accountant should have known this. His analysis of WaMu selling more shares is very suspect.

The Current Market Atmosphere: Easy Money Hard to Come by

Bush has brought us two recessions and two bear markets. The President is always to blame or gets the glory. I long for the prosperity of the Clinton era.