Post AVDfNIKm46Z7YPRem8 by navdoge@helladoge.com
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 (DIR) Post #AVDfNIKm46Z7YPRem8 by navdoge@helladoge.com
       2023-05-01T18:32:42Z
       
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       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.