JP Morgan Chase Posts Profit - Yeah Right
Date: Thu, 01/15/2009 - 04:33
JPMorgan Chase reports small profit, but builds up reserves to prepare for worsening economy
NEW YORK (AP) -- JPMorgan Chase managed to avoid a loss in the fourth quarter, indicating that it is weathering the financial crisis better than some of the other big banks.
The company, however, added $4.1 billion to loan loss reserves, proving that it is not immune to the deepening global recession.
DID THEY BACK OUT THE $25,000,000,000 they received from the Federal Government (Tax Payers).
Hey, I am in debt because of some bad choices, how to I get some TARP money?
NEW YORK (AP) -- JPMorgan Chase managed to avoid a loss in the fourth quarter, indicating that it is weathering the financial crisis better than some of the other big banks.
The company, however, added $4.1 billion to loan loss reserves, proving that it is not immune to the deepening global recession.
DID THEY BACK OUT THE $25,000,000,000 they received from the Federal Government (Tax Payers).
Hey, I am in debt because of some bad choices, how to I get some TARP money?
I don't think that you can apply for TARP or Troubled Assets Rel
I don't think that you can apply for TARP or Troubled Assets Relief Program.
Please read the following for clarifying your doubts -
