J.P. Morgan posts $3.6 billion profit despite loan defaults
Economy, Front page, Politics
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Oct 142009
Even while unemployment continues to climb, bailed out companies like J.P. Morgan are still making money. Last quarter, J.P. Morgan made $3.6 billion despite having to write off credit card and mortgage losses. At least someone’s making money, right?
HuffPost has an AP story about J.P. Morgan’s profit-making magic