Obama bailed them out. Biggest heist of taxpayers money before Biden anyway.
As for who directly benefitted, Lucas found that the main winners were the large, unsecured creditors of large financial institutions. While their exact identities have not been made public, most are likely to have been large institutional investors such as banks, pension and mutual funds, insurance companies, and sovereigns.
Travelers: Global Market and distribution derivatives. CEO Jamie Dimon was the man for Chairman Sandy Weil, he ran the business's and was responsible for the merger deals. They needed Glass Stegal regulations to be repealed, and they got it done.
Knowing the Citigroup's business and appetite for derivatives allowed Jamie Dimon to offload derivatives to Citigroup before market collapse. Citigroup got left holding the bag, and Dimon came out aces. But once the true story got unraveled, much time later, JP Morgan Chase, under Dimon, got fined $13Billion for causing the 2008 debacle for off loading derivatives to Citigroup.
Dont worry fren, they are all headed to Gitmo
Obama bailed them out. Biggest heist of taxpayers money before Biden anyway.
As for who directly benefitted, Lucas found that the main winners were the large, unsecured creditors of large financial institutions. While their exact identities have not been made public, most are likely to have been large institutional investors such as banks, pension and mutual funds, insurance companies, and sovereigns.
https://mitsloan.mit.edu/ideas-made-to-matter/heres-how-much-2008-bailouts-really-cost
did not have to.
...you are sniffing around the right rabbit holes....
Damn right I am.
...howls...
Exactly.
...message me anything you dig up on this and we will Unleash it....
https://shadowproof.com/2013/10/21/jpmorgan-to-pay-13-billion-for-causing-2008-financial-crisis/
...thank you some more.....
https://www.citigroup.com/citi/about/timeline/
Look to 1990 thru 1999 history?
Travelers: Global Market and distribution derivatives. CEO Jamie Dimon was the man for Chairman Sandy Weil, he ran the business's and was responsible for the merger deals. They needed Glass Stegal regulations to be repealed, and they got it done.
Knowing the Citigroup's business and appetite for derivatives allowed Jamie Dimon to offload derivatives to Citigroup before market collapse. Citigroup got left holding the bag, and Dimon came out aces. But once the true story got unraveled, much time later, JP Morgan Chase, under Dimon, got fined $13Billion for causing the 2008 debacle for off loading derivatives to Citigroup.
...thank you....
...this will be on today's unleashed....
While not a popular opinion, I often wonder if Jamie Dimon might be one of the good guys. He frequently strays from the woke plantation.
Got to go with our justice system here ... and public opinion ... guilty until proven innocent.
... [ they ], i surmise, were all confronted with ' the deal ', as to who took it remains to b seen