FRB got confiscated by FDIC, FDIC handed FRB’s deposits & loan book to JPM for pennies on the dollar, FRB debt and preferred stockholders get wiped out. FDIC incurs a $13Bn loss on the transaction and enters into a loss sharing agreement with JPM on the nonperforming real estate loans (literally 0 downside for JPM), while JPM experiences a $2Bn gain. JPM def one of the owners of this country.
FRB got confiscated by FDIC, FDIC handed FRB’s deposits & loan book to JPM for pennies on the dollar, FRB debt and preferred stockholders get wiped out. FDIC incurs a $13Bn loss on the transaction and enters into a loss sharing agreement with JPM on the nonperforming real estate loans (literally 0 downside for JPM), while JPM experiences a $2Bn gain. JPM def one of the owners of this country.
@mahdoge69 @navdoge this just goes to show that our creator only has so many templates to work with. It's just a matter of hitting randomize on the minutiae of our features.