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Cannot try to reach back and get some of the money essentially from the government, from one pocket of the government to another. but the government asked jpmorgan to take over washington mutual. that was a request from are the federal government. they thought they were doing a favor to the federal government and now they re being penalized for that. that s the way jami morgan, the ceo of. jami diamond. i m sorry. jami diamond has put tries to portray what happened. it is true that the government asked jpmorgan to take it over but jn morgan basically knew what it was getting into. it wanted to get into this business. it thought there was a good purchase there. so you know, you re right. there is some of that at play here. the federal deposit insurance corporation were to pick up some of the 13 billion dollars, what are we talking about, a few million, a few billion? any estimate how much? that s being worked out right now. one of the issues is we don t know how much of ho ....
Actually happened at washington mutual and bear stearns. i bring up these other banks because what happened is jpmorgan bought these two banks at the urging of the government as a way to prevent an even bigger financial meltdown. in some ways, many people think they were doing the government a favor by taking on these two banks and taking on their problems because in 2008, jn morgan was one of the only banks out there strong enough to do that. now many are saying that jm morgan is kind of the fall guy taking on other bank s problems. nonetheless though, the possibility for criminal charges still remains, wolf? under the theory no good deed shall go unpunished some are suggesting that might be the case right now. alison, thanks very much. shocking news from dick cheney. how he thought assassins could use his pacemaker to kill him. [ male announcer ] this is brad. ....