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What Have You Done, Jamie Dimon? [View article]
CNBC helped lose thousands of pensions for WaMu employees, firefighters, police, teachers... They are lap dogs to Wall Street. Certainly not reporters.
On Sep 29 12:23 AM User 272175 wrote:
> This is a sad day for all of us shareholders and employees of WaMu...
> we were robbed blind by the feds and no one said or did anything.
> Chase, like other firms were circling like vultures, waiting for
> the feds to move in. They all knew what was going on... this was
> the plan from beginning on the week of the take over...
>
> The run on the bank was caused by the media and not one agency thought
> of regulating them or to set the record straight... they let the
> run on the bank happen right in front of their eyes.
>
> Former CEO Kerry Killinger was so selfish and dumb enough not to
> sell at $8 per share before turning to TPG and investors for money.
> He was too concerned about his own legacy and income that he forgot
> what his job functions were and who he wrote his paychecks. Oh and
> he was paid over $22 million in separation package.
>
> And now Alan Fishman will get paid over $18 million dollars for three
> weeks of work? humm… since he failed to do his job as a CEO to secure
> the company... should he be compensated $18 millions?
>
> Oh and Stephen Rotella (President and COO) is getting his $12 million
> plus package for doing what? Running WaMu into the grounds? This
> is on top of his millions in bonuses.
>
> Are they serious? We need to stand up... Open up your eyes people...
> this just doesn’t happen over night.
>
> Everyone in the executive team of WaMu should be held accountable
> along with the feds who led this take over without any recourse or
> consideration for the employees' retirements, public pensions and
> share holders.
What Have You Done, Jamie Dimon? [View article]
Remember, they closed this deal in a hurry, just days before the bailout.
Karma Jamie...