Report says JPMorgan loss may be $9B; stock slides

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  • UtahBlueDevil Durham, NC
    July 1, 2012 7:53 p.m.

    Just keep telling yourself, the banks that we entrust to keep our savings safe, and claim they need less regulation, these very same institutions that needed our tax dollars to keep them solvent, there very same banks that rely on tax payers to pay off their losses in case they fail, seem to be doing the best to prove they are unworthy of our trust. And where are the rating agencies, who seem all more than willing to downgrade government ratings, when some of their Wall Street buddies blunder like this?

    Yes, that is crickets you hear... because it would be bad for business.