JPMorgan Chase’s Bear Stearns Buy Lost Bank $10 Billion, CEO Jamie Dimon Says

HUFFINGTON POST:   JPMorgan Chase & Co Chief Executive Jamie Dimon said his company has lost up to $10 billion as a result of the government asking him to buy teetering Wall Street firm Bear Stearns during the financial crisis…

Last week, JPMorgan was hit with a fresh civil lawsuit from the New York attorney general, seeking to hold the bank accountable for allegations that Bear Stearns deceived investors buying mortgage-backed securities…

“Would I have done Bear Stearns again knowing what I know today? It’s real close,” Dimon said…  (more)

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