Politics and Religion
Marikod said you would say JPM is doomed but you expanded it :D EOM
Now NO ONE who actually watches the economy can tell where the federal reserve ends and JP morgan begins.. So this will mean something big for the US economy..
http://www.google.com/search?q=jp+morgan+loses+4.2+billion&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
how could this not mean something to the US economy?
It's really no big deal. JPM only realized losses of $800M. If it should lose more, the US Congress will bail it out.
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