JP Morgan Chase & Co. has increased it's losses by 50%. It lost another billion dollars after its two billion dollar last week. It underestimated its losses and took another huge hit. So what will the government due... it will regulate the banks more on what they can do with credit cards and debit cards. If people were smart they would buy stocks in chase and in turn when it goes up they can make money. This economy is not strong and big businesses can lose billions and still be okay. They are to big to fail. So should the government be able to regulate private/public companies?
http://www.foxbusiness.com/news/2012/05/16/jp-morgan-trading-loss-rises-at-least-50-sources-nyt/
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