Thursday, May 17, 2012

JP Morgan Week

"You lost $2 billion incase and $18 billion in equity just last week. How the hell did you do that?."
JP Morgan-"We don't  need no stink in regulations! We know what we are doing!"Ensuing politicians-"No we just need to outrun the little guy!".
16,000investor clients use our (JP Morgan's )market-making services.
Many clients (Of JP Morgan) have a large need for derivatives to manage their exposures.
And we (at JP Morgan) have substantial,valuable,intangibles.
Why Now? Chase has always offers a broad range of financial products and services.
But Historically ,while customers saw one sign out front-Chase-inside we sometimes operated like 3 separate businesses.
Firm Wide,we made $17 billion in new loans to small businesses in 2011.
Completed more than 1 million mortgage refinancing since 2010.


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