Thursday, May 17, 2012

Romney: JPMorgan Loss – Just the Way America Works

The Republican’s candidate for the Presidency on that JP Morgan loss:
this was not a loss to the taxpayers of America. This was a loss to shareholders and owners of JPMorgan and that’s the way America works Some people experienced a loss in this case because of a bad decision. By the way, there was someone who made a gain. The $2 billion JPMorgan lost someone else gained.
So what’s the fuss? After all – shareholder value remains at $135 billion. Never mind this little drop in their stock price. I’m speechless!


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