``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.


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

add a comment | go to forum thread