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Breaking News: JP Morgan poofs $2,000,000,000

FDR signs Glass Steagall

First we passed laws breaking down the barriers between banking and speculation.

Now, JPMorgan Chase, the largest bank in the United States, announces that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.

 

Doesn’t that “its own money” make you feel good?  READMORE


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