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Bag’s Take-Away:
Whenever I find myself coming close to bringing down the world economy, the hairs on the back of my neck stand up.
(credit: Jin Lee/Bloomberg News caption: Days after disclosing a $2 billion trading loss at JPMorgan Chase, the bank’s chief executive, Jamie Dimon, said that “we made a terrible, egregious mistake.” “There’s almost no excuse for it,” Mr. Dimon said about the loss, which stemmed from a soured bet on credit derivatives made by the bank’s chief investment office in London.)
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