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Re: JP Morgan Chase Execs Vaporize $2B

Posted by 3-9 on Tue May 15 18:47:16 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by Charles G on Mon May 14 12:12:39 2012.

I believe what the government did was to guarantee at least some of the mountains of crap derivatives the banks still had. That way the balance sheets would look like they still had something of value on them.

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