You could almost feel sorry for Jamie Dimon

The next time the Fed's call in a favor by asking you to buy a toxic waste hole such as Bear Stearns, beware of the tail of litigation and bad mouthing from the very people who asked for your help!  I am not giving J P Morgan a free pass here because they apparently did not understand that a fortress balance sheet in a world of financial crisis is to buy the good stuff at distressed pricing and not the bag full of odorous excrement as the Jeremy Irons character in the movie "Margin Call" so colorfully described the firm's portfolio.