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JP Morgan is sitting on a powder-keg of $87.6 billion of mostly worthless second mortgages at the end of Q3, 2011, according to the FDIC
Now that's interesting. I suppose they have not marked them down either? I've avoided all financials as I have no idea what their bal sheets
are really like.
To play the stock market is to play with the music. As the music continues, the fundamentals don't matter as people enjoy it.
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