re: #326 3 wood

The One is not going to like this:
JPMorgan $29 Billion WaMu Windfall Turned Bad Loans Into Income

I expect to see Barney Frank and Geithner jump all over this one, making a profit is so taboo now, you know.

The rule isn’t new; it’s been on the books since before the current crisis began. If anyone in an oversight capacity (Geithner, Frank, et al) claims they weren’t aware of it, all that does is boldly underscore their own phosphorescent incompetence.