JP Morgan; AIG; Sachs; Bank of America......ALL assets PURCHASED IN MARCH 2009, OWNED and Managed by Federal Reserve/Obama under the government ran/owned enitty known as BLACKROCK MANAGMENT....Now the BIGGEST asset management government ran IN THE WORLD.
AKA.....BANK OF OBAMA.
We have officially become a One World Bank.
Obama = Closet Commie.

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Lets see JP Morgan and Chase made profits and they also are running the FED fund distribution and are owners of the FED!! This shows why the FED should be audited then replaced by an elected board which will pass strong laws governing the Banks and financial sectors instead of causing a depression so the BIG BANKS can get richer!! GET RID OF THE FED!! If banks continue to not loan money to qualified buyers and their high interest rates while paying little for CD's then nationalize the Banks too!!

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Accretable Yields Is "the difference between the value of the loans on the banks' balance sheets and the cash flow they're expected to produce," Note the key word here: "expected." To understand just how absurd this actually is, let's take a close look at JPMorgan Chase - which alone reportedly stands to reap as much as $29 billion in windfall income. It started when JPMorgan literally bought WaMu from the dumpster (technically acting as something called "the receiver") last year for $1.9 billion, and was allowed to mark the toxic debt that came with it down to "fair value" - which was 25% less than the $118.2 billion it was officially carried on the books for, or  $88.65 billion. But now, the bank says that those same debts may appreciate by some $29.1 billion over the life of the loans. That's before taxes and expenses, of course.

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i am experiencing deja vu, last year it was oil companies with record profits. this year its banks, which is odd because i heard something about a bank and credit crisis. god i wish we would have a great depression again so wall street bankers,brokers and traders blow their brains out.

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Chase is a SCAM. They do not do any loan modifications. They are stealing your money !! Donot bank with chase

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How come no one is investigating BlackRock Management, formed in March 2009, BY Obama and the Fed for PROFITABLE CONFLICT OF INTEREST in Obama's purchasing of AIG assets, GM, numerous failing banks' assets, Sachs, Merrill Lynch, etc., and putting them into this psuedo-GOVERNMENT OWNED entity that is costing taxpayers? Anyone?
I thought a president's job was executive issues; not playing the game of MONOPOLY with taxpayers' money to get rich and powerful.

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Does any one believe this?

Do I smell cooked books?

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PROFIT??????????? did they payback the 25 big ones that the government gave them.

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Someone cut the trickle line there is no money trickling from the
pipe. Trickle down economics went to financials to boost their
earnings. Trickle down economics will be the end of a fools comment
that it will take two years to get here THE WELL IS DRY fools. They
Do not want to lose money to the middle class the banks live in a
world
by themselves. Surround the banks and do not let them out to feed
that
should get them to free up some liquidity our way. The banks will
need to weather the storm by themselves the fed will flood them with
bail outs while cutting their trickle line from us to pay their debt.
We will never inflate back to cover the cost or I will it my hat.

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You mean politcal insiders are profitting from taxpayer funded bailouts? tell me its not true! Obama and his many Goldman Sachs cabinet members would never do that.

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It is easy to take on more risk when you control how the game is played. You know you won't lose.

Goldman and Chase engineered the spring stock rally. There wasn't any real data to support it and they made record profits from the rally. It is all BS phantom profit. Money made from trading money.

The real business of being a bank lost 97% revenue and the credit division lost 3/4s of a billion dollars. But BS invesment manipulation pulled in record profits.

Great country we have here.

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Chase did not help. I made arrangments with a new van. I am self employed and when the economy tokk a turn fot the worse, I needed help. Needless to say, they took it. I hired a lawyer to help. I had what they wanted but they said they did not want me as a customer. Glad they gat help.

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Remember someone got caught for theft of a "trading progarm" that is powerful enough in the right hands to manipulate markets? Gee, I wonder who uses that, only honest people? Right!

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How much richer does anyone think Obama has gotten with his bail out of banks and corporations. By the way, what does JP Morgan do that it made 2.7 billion dollars this last quarter. Where did all those billions come from with the present U.S. and global economy the way it is? Sounds to me just another day with business, "cooking numbers."

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Everyone please read, "The Creature from Jekyll Island", subtitle: A Second Look at the Federal Reserve System."
This book written in 1992 by G.E. Griffin is a historically documented investigative journal into the scam that is our fractional banking system and how the world banks pulled it off. Simply amazing and very easy to read. Everything G.E. predicted has come true, easily authenticating the material within its bindings!!!

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When do you think BLACKROCK management & the Federal reseve will ever be audited ?? Answer, NEVER !! Because Obama controls both of them and if they were to be audited then the fraud that Obama really is would be exposed. How is that ' Hope & Change " thing going for you America ?? The USA is now history and may never recover from the actions of those who are now in power.

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I'm not surprised that the two banks selected by our Govt to prosper are prospering. Curious, I have my mortage thru WaMu, now Chase, and suddenly this spring my escrow account went deep into the negative and I had to pay more or accept a higher monthly payment. This is after a ten year run with virtually no change in my escrow payment. Now it is 40% higher due to a spike in insurance coverage. This sure seemed rather suspicious to me so I started shopping for new insurance. Have any of you experienced a escrow spike from WaMu (Chase)?
And I tried to take advantage of re-finance offers last spring when rates were down and the govt was making noise about helping out homeowners underwater on their equity. I tried calling to get started on a refinance and I could only talk to customer service in India that gave me a scripted reply that led to no where. I would call again and again, and always it was India and always the same script, and nothing more.

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