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Strategies & Market Trends : Value Investing

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To: Brian Sullivan who wrote (47902)	5/10/2012 10:08:08 PM
From: Sergio H	of 78697

Brian... WOW! The bank said in a regulatory filing that the portfolio at the CIO had “proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed”. On a hastily convened conference call, Jamie Dimon blamed “errors, sloppiness and bad judgment”. Separately, JPMorgan said it was on the hook for as much as $4.2bn in excess of reserves for various legal proceedings.

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