JP Morgan inks the deal of the year

5 responses

  1. heri says:

    oh my… oh my, it can’t be more dramatic than this.

    … let’s now ban mortgages to poor people and mortgage securitization, ok?

  2. Brad J. says:

    Good writeup Mark. Thanks for pointing out the RAROC aspect of this, it’s helpful for folks who don’t work in credit to understand how ratings can be so volatile.

    Through the fall and winter, BS sounded like a great deal at $100/share, then a better value play at $80.

  3. AT says:

    “The Fed has been playing the equivalent of Whack-a-Mole as financial turmoil keeps cropping up in new and unexpected places. Yet many of the problems facing us are beyond its reach.” – Alan Blinder, former Vice Chairman of the Federal Reserve

  4. AT says:

    2007 Comp figures for an unnamed executive.

    Total Annual Compensation — USD
    16,487,150, Long-Term Incentive Plans — USD 0, All Other — USD 5,233,207, Fiscal Year Total — USD 35,734,422.

  5. AT says:

    Estimated losses for that same individual: $115.7 million

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