SHARES | FORECLOSURE FRAUD | by DinSFLA

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JPMorgan Chase & Co. has invested in a fund that has bought about $400 million in Twitter Inc.

JPMorgan Chase & Co. has invested in a fund that has bought about $400 million in Twitter Inc.


Perfect Timing Don’t You think? Just earlier today “J.P. Morgan Chase “donates” $4.6 Million to NYPD” #OccupyWallStreet


Bloomberg-

JPMorgan Chase & Co. has invested in a fund that has bought about $400 million in Twitter Inc. shares, valuing the blogging service at as much as $4.5 billion, three people with knowledge of the matter said.

The fund, which has more than $1 billion, is being run by Twitter investor Chris Sacca, said two of the people, who declined to be identified because the arrangement isn’t public. JPMorgan is committing the bulk of the financing for the fund, the people said.

[BLOOMBERG]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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WSJ | J.P. Morgan Fund in Talks to Take Twitter Stake

WSJ | J.P. Morgan Fund in Talks to Take Twitter Stake


By ANUPREETA DAS And AMIR EFRATI

A fund run by J.P. Morgan Chase & Co. is in talks with Twitter Inc. to take a minority stake in the rapidly growing microblogging company, people familiar with the matter said.

The investment, which is expected to value Twitter at more than $4 billion, will be made from the bank’s new $1.2 billion digital growth fund, these people said. Exact terms of the potential deal couldn’t be learned.

Discussions between J.P. Morgan and Twitter are continuing, and there is no guarantee a deal will be struck, the people added.

J.P. Morgan also has purchased a significant amount of Twitter’s shares on exchanges for private-company stock, separate from its talks for a direct stake in the company, said a person familiar with the matter.

Continue reading … WSJ

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Here’s That Devastating Report On Bank Of America That Everyone Is Talking About Today

Here’s That Devastating Report On Bank Of America That Everyone Is Talking About Today


Business Insider published this report yesterday:

Excerpts:

Earlier, we wrote about Felix Salmon’s contention that there’s a new mortgage fraud scandal that has the potential to dwarf Goldman’s ABACUS dealings. In this fraud scenario, banks took advantage of their information advantage and sold CDOs with mortgages they knew to be bad without clear representation to investors.

In August, Manal Mehta and Branch Hill Capital put together a presentation targeting Bank of America’s potential exposure to this mortgage fraud, as well as other problems in the mortgage market.

The presentation comes to a pretty damning conclusion: Bank of America’s exposure could nearly halve its share price.

It’s all about what capital Bank of America has in reserve for the scenario of mortgages having to come back on its balance sheet.


Read more: http://www.businessinsider.com/bank-of-america-mortgage-report-2010-10#ixzz12X9OhENP

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CONFIDENTIAL PRESENTATION

[ipaper docId=39475268 access_key=key-mp9uuxa33spuihcjdet height=600 width=600 /]


© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in bank of america, foreclosure, foreclosure fraud, foreclosures, insider, insurance, investigation, mortgage, Mortgage Foreclosure Fraud, stock, STOP FORECLOSURE FRAUD, Wall StreetComments (1)


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