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Reuters: JPMorgan wouldn't have bought Bear without Fed: Dimon

Started by chris, April 03, 2008, 05:01:02 PM

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chris

JPMorgan wouldn't have bought Bear without Fed: Dimon
      


WASHINGTON (Reuters) - JPMorgan Chase & Co  chief executive Jamie Dimon said on Thursday that the bank would not have offered to buy Bear Stearns Cos  if the Federal Reserve had not agreed to absorb billions of potential losses.
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