JPMorgan Vindicates the Bears
Is JPMorgan Chase (JPM) CEO Jamie Dimon the Manchurian Candidate for the federal regulators? Is he the guy who'll make it so shorting is risk-free? Is he the man who has put the nail in the coffin of the financial portion of this stock market, and maybe more than that?
This huge loss at JPMorgan could not have come at a worse moment for the banking industry or for the stock market. The averages have declined pretty much in a straight line from April. The regulators are trying to finalize laws that will hurt banking profitability, and they've been given a bonanza by the best bank, which clearly had no idea what it was doing....426 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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