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Sen. Levin's quote du jour, "The enormous loss JP Morgan announced today is just the latest evidence that what banks call 'hedges' are often risky bets that so-called 'too big to fail' banks have no business making."
After JPM announced a $2B mark-to-market loss in a credit portfolio, U.S. financials suffered across the board. With such company-specific news, it's difficult to understand the correction in the ...
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