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Didn’t Someone Make $2 Billion?

With all the hand wringing over J.P. Morgan’s trading loss, and the calls by the planners for more regulations to make sure it never happens again, isn’t anyone considering that some other company or companies made $2 billion?  Isn’t that a good thing?  Think of all the taxes they will have to pay on that $2 billion.  Why should the government make it it’s business which company made the $2 billion and which company lost it?

From the Daily Mail:

 President Barack Obama has $500,001 to $1 million in a JPMorgan Chase private client asset management checking account, according to financial disclosures released by the White House on Tuesday.
Mr Obama said this week that JPMorgan was ‘one of the best managed banks there is’ despite its $2 billion trading loss being investigated by the Securities and Exchange Commission………..


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