Actual misinformation. Dimon's bank was one of the strongest ones and wasn't making or wholesaling subprime mortgages. It was able to acquire Bear Stearns for less than the value of Bear's real estate owned.
Misinformation? What do you mean? One of the strongest ones? You mean they didn’t lose a lot of money as a result of the collapse? That is exactly my point. They were financing the lenders and offloading their own bad securities in secret while not touching the ones held by their OWN CUSTOMERS. Aka they KNEW the whole thing was a scam and knew the whole thing was going to implode and didn’t want to be caught holding the bag when it did. They still got bailed out along with everyone else.
