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Non-Tech : Banks--- Betting on the recovery
WFC 87.30+0.4%9:30 AM EST
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To: Road Walker who wrote (1370)3/3/2012 10:29:48 PM
From: Hawkmoon   of 1428
 
Well, apparently the TBTF banks are being permitted to capture their NOL's, despite having been bailed out with TARP funds.

zerohedge.com

But I also remember reading where the majority of JPM's 2009 or 2010 profits were from owning Treasuries. I would have to find the article again..

But it makes sense as this is why the Treasury issued so much debt so that the TBTF's would have a place to park the cheap funds they were borrowing from the Fed.

Hawk
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