Friday, April 17, 2009

JP Morgan: toxics not for sale.

During Yesterday's earnings call, Jamie Diamond of JP Morgan Chase announced that his bank wouldn't be participating in the Treasury's toxic asset repurchase program, "We have no intent on using PPIP at all," he said, "I don't think toxic assets is the problem."

Click here for Marketplace's capsule report and here to see the earnings release and hear the whole conference call.

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