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Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:marlborolightsplease:MV8xODY1NDQxXzMxMTE0ODUxXzM3OEM0RTky] [quote:marlborolightsplease:MV8xODY1NDQxXzMxMTE0ODM0XzExQkMxRDlC] [quote:Anonymous Coward 4528419:MV8xODY1NDQxXzMxMTE0NzY2Xzg5OTlDRkNG] So what does this mean in terms of the collapse ?? [/quote] we are in phase 2 [/quote] they will be meeting with gordon over the weekend, this is when gordon will offer 2 bucks a share for chase then Jamie Dimone will jump in front of a subway [/quote]
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[
link to money.cnn.com
]
The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss.
Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative.
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