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Daily archives for May 15th, 2012

JP MORGAN FIASCO MEANS HIGHER INTEREST RATES AHEAD

May15
2012
8 Comments Written by Chriss W. Street
JP MORGAN FIASCO MEANS HIGHER INTEREST RATES AHEAD

If there was an Academy of Motion Picture Arts and Sciences Award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan Bank would surely win the Oscar for his dismissal of a $2 billion off-shore derivative loss as “a complete tempest in a teapot.”  Dimon tried to use all his theatrical [...]

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Posted in Uncategorized - Tagged Academy Awards, derivatives, Fereral Reserve, jamie dimon, JP Morgan, piigs, Sovereign Debt Crisis, taxpayers gaurantee
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