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[bob ford <bobford79 AT yahoo.com>]

(JPM-Chase banker): " I think there are going to be some great opportunities 
for us to grow in this environment, and I think we have an opportunity to use 
that $25 billion in that way and obviously depending on whether recession 
turns into depression or what happens in the future, you know, we have that 
as a backstop.” 

Read that answer as many times as you want — you are not going to find a 
single word in there about making loans to help the American economy.  
"......................

.....We have long been a country that has treasured its diversity of banks; 
up until the 1980s, in fact, there were no national banks at all. If Treasury 
is using the bailout bill to turn the banking system into the oligopoly of 
giant national institutions, it is hard to see how that will help anybody. 
Except, of course, the giant banks that are declared the winners by 
Treasury...........

" (Dumb*ss crook chris dodd):He continued: “If it turns out that they are 
hoarding, you’ll have a revolution on your hands. People will be so livid and 
furious that their tax money is going to line their pockets instead of doing 
the right thing. There will be hell to pay.”

(yeah right.....bobf)



http://www.nytimes.com/2008/10/25/business/25nocera.html?hp