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Originally Posted by bkkandrew ^Yes, my man at JMP opined that if the deal wasn't done BSC would have gone Chapter 11 and possibly brought down JPM as a result, as they are by far and away their biggest trading partner and have massive exposure. |
that shit isn't going to go overnight, Greenspan was sleeping at the wheel when all that subprime shit was happening, I mean he knew what was going on, couldn't they have alerted the government about the sordid details of those mortgage brokers scams ?
Greenspan: 2 bubbles followed by 2 busts, the guy should be shot