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JPMorgan Gave Lehman $138 Billion After Bankruptcy
JPMorgan Chase & Co. gave $138 billion this week in Federal Reserve-backed advances to the broker dealer unit of Lehman Brothers Holdings Inc. to settle Lehman trades and keep financial markets stable amid the biggest bankruptcy in history, according to a court filing.
Where did JP Morgan get that kind of cash? The Fed?
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Comments
who owns the Fed
barrygIts my understanding that Chase and JP Morgan together owned 52% of the Fed when it formed and now they are merged so that bank is the Fed. I am pretty sure I read that in a review of the book about Jekyll Island
Federal Reserve-backed advances
bfrankthe fed just keeps on printing new money, it's almost like they want hyper-inflation.
what's the running total of bailouts?
Bear Stearns: $50 B
Lehman: $135 B
AIG: $85 B
F Mac & F Mae $?? B
i'm sure there's more, and that's just in the last few months
Where did JP Morgan get that kind of cash? The Fed?
boulderdashJP Morgan = Rockefeller = The Fed
When all the smoke clears and there is just one bank left standing, you can bet your last dollar that the Rockefeller family will be in total control.