JP Morgan's Douglas Braunstein, Head of Investment Banking, addresses an audience on Bear Stearns, WaMu, and what it takes to get deals done in the current economic environment.
"Having a strong balance sheet, being well capitalized, and having access and liquidity create great opportunities for corporate acquirers," he said.
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Investors Demand Hearing, Investigation & Reversal of Washington Mutual Seizure
Houston, TX (MMD Newswire) October 27, 2008 -- Shareholders of Washington Mutual are demanding an investigation of the Office of Thrift Supervision's (OTS) confiscation of the Washington Mutual bank and their aiding and abetting of JP Morgan's fraud in wiping out its shareholders last month. After losing their lifetime savings and retirement investments, they have banded together to request an investigation into the possibility of wrongdoing, misconduct, conspiracy, and corruption by government regulators, namely the OTS and FDIC, who unlawfully helped JP Morgan steal Washington Mutual from its shareholders. The seizing of a solvent and well-capitalized bank is unheard of in American history and probably will be spoken of for generations to come unless this outrage is immediately addressed and remediated.
For additional information on the news that is the subject of this release, please contact Michael Rozenfeld or visit www.wamurape.org, an organization devoted to defending shareholder’s interests and American justice.