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JPMorgan

JPMorgan Still Isn’t Sure What It Bought From The FDIC WaMu Fire Sale

JPMorgan Has No Idea What they Bought From The FDIC Matt Levine of Bloomberg wrote a great piece about how JPMorgan Chase has no idea what WaMu Assets They Bought From The FDIC You may have heard that the nation’s third largest bank is paying a lot of people billions of dollars to settle those […]

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JPMorgan Chase

Why Isn’t The Detroit Emergency Financial Manager Doing This?

Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama.  The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial

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