J P Morgan Chase is my bank.

J P Morgan Chase announces that it has lost $2 billion dollars in the past few weeks and it expects to lose $1 billion more.
Well, so much for "Lessons learned."

So much for the belief that "We don't need more regulation."
It should be obvious that bankers are not only greedy;  they are stupid too.

But how can that be?  Banks are a cornerstone of 'the private sector' which never gets it wrong.
Oh, yeah.
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