JP Morgan is down, but it will survive
The bank reports a rare quarterly loss after taking a massive charge.
"In a rare move, Fidelity Investments and JP Morgan Chase said last week they had purged their money market funds of all U.S. bills coming due soon after the default deadline."--By BERNARD CONDON, NEW YORK (AP), "As US default nears, investors shrug off threat"
Someone definitely knows something about what is going to happen.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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