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Originally posted by CosmicCitizen
reply to post by camaro68ss
Since JPM inherited the Bear Stearns portfolio (including the short silver derivative portfolio) they are Too Big To Fail which means if "they" get in trouble. "we" (the taxpayers) will be paying for it (b-a-i-l-o-u-t). Since they have access to the Fed window....they'll be able to borrow all they need.edit on 21-3-2011 by CosmicCitizen because: (no reason given)