You can’t tell me that a lot of wall street brokers didn’t sell this junk, otherwise Citi and Merrill wouldn’t have caved into pressure with the State AG. These companies routinely market instruments their brokers don’t understand or don’t want to understand in any depth. These securities are risky and have always been risky. Let this be a lesson to those seeking the highest yield. Maybe you should think twice before making investments in atypical derivitives. One would think investors pursuing a higher return would know of the inherent risks in these securities in the first place.

Mr. Bove obviously is not oriented toward retail clients as his statement guarantees that he will
not be successful in providing customer service.

I’m ready to buy a condo and start a new business (employing a couple of people) but no can do while the money is frozen earning pathetic interest rates (wondering why the economy sucking, this doesn’t help).

Chase Manhattan generously offered to give me a loan on 80% of MY MONEY at low interest rates. Thanks Chase for loaning me my own money.

Now thanks to this debacle they can’t even return a phone call for a simple banking question without running it through their lawyers first. And I’m not even suing them.. yet.

Mr. Cuomo, what are you doing about JP Morgan Chase? When are they going to be forced to “Man up” to their fraudulent activities? It tells you a lot about an industry when the government has to force them to right a wrong. In my business, you screw someone over like this, you go out of business. In the banking business I guess ethics must be legislated. Glad I’m not a banker.