Remember, I said the JPMorgan Chase investing loss was going to probably be more than the 2 billion dollars they were talking about. Well year to date it is now way over 5 billion dollars! Holy pockets, Batman! They might as well drop it from helicopters (oh wait, that is the Fed’s idea; must not steal it!) Here is an article in The Los Angeles Times by Andrew Tangel that talks a little more about it:
http://www.latimes.com/business/money/la-fi-mo-jpmorgan-earnings-20120713,0,4588784.story
Couldn’t get any worse, could it? Well you don’t know these guys. Oh well, it is only money.
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