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2min chapter
Systemic Threats, Supervisory Shortfalls
Moody's Talks - Inside Economics
The Risk of Legal Indemnification in Case of Loss Suits
The reporting says that one of the main hiccups was legal indemnification in case of loss suits, which at various levels could be provided. What JP Morgan underappreciated in that purchase, and I think Jamie Dimon has said this, is I couldn't know what their legal risk was for the scuzzy practices that they've been associated with. And so he managed on JP the other industry.
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