2008-09-25bloomberg.com

``JPMorgan will pay $1.9 billion, the Federal Deposit Insurance Corp. said in a statement today. It won't acquire liabilities including claims by equity, subordinated and senior debt holders, the FDIC said. ''

See also our bank implode write-up.



Comments:

mortgagemess at 06:39 2008-09-26 said:
And why do you think the assets were sold IMMEDIATELY to JPMorgan Chase?..The FDIC only has so much money to go around! Permalink

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