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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