Dr Jones

How Does the WaMu Failure Compare?

Although JP Morgan-Chase may experience some exposure, depending upon how deep housing prices continue to fall, They accomplish something that would have cost them more... and taken decades to accomplish. JP Morgan-Chase has been looking seriously into taking a substantial foothold in the far west and southeastern U.S. This acquisition give them 2,200+ branches in both of those geographic areas... and without having to suffer through the 'diaper stage." Five years from now when everything settles down, (hopefully) Jamie Dimon will be considered a financial wizzard... I wonder how often he talks with the Oracle of Omaha?... Dr. Jones