JP Morgan Chase raising Billions

While many financial institutions are having a hard time raising equity to cover mark to market shortfalls, JP Morgan and Bank of America both seem to be able to readily raise money, in the Billions! Add to this Warren Buffet's investment of up to $10 Billion in Goldman Sachs and you have at least three companies that will survive and even make tremendous money buying undervalued securities.

I think the moment for $700 Billion in government money has passed. It's time to look to deregulation, added liquidity, removing barriers like mark to market, and letting the market settle down. Oh and by the way, a federal government freeze on spending would help a ton too!

JP Morgan Chase raises $10bn after Washington Mutual buyout

JP Morgan Chase is raising $10bn (£5.4bn) to strengthen its balance sheet after buying the banking operations of Washington Mutual, the lender seized by US regulators on Thursday night in the biggest bank failure in American history.