hamptoner

J.P. Morgan Bailouts Date Back to 1893

Jamie Dimon is in no way like J.P. Morgan, has no relation to the firm of J.P Morgan & Co. (other than having inherited it from Sandy Warner & co who lost sight of J.P Morgan's history and values and ran it into the ground in ten years). His own values were learned somewhere else (on the knee of Sandy Weill?) and he had the government pushing him to rescue both Bear Stearns and WaMu. J. P. Morgan rescued the system by dint of his ownn strengths and personality. If Dimon ultimately turns out to be more than a smart, ambitious and opportunistic leader, so much the better. We'll have to wait and see!