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JP Morgan managing MF Global bankruptcy for its own profit

April 7, 2012
RealEconTV
4/6/2012

A new growth industry

JP Morgan appears to have mastered the art of looting financial institutions before they fail – and then controlling the bankruptcy proceeding to make sure they cover their tracks and keep the money.

This should prove to be a profitable business in the coming months and years.

One thing for sure, so far at least, they are getting away with it.

Here’s the formula: Wall Street + Regulators + The Department of Justice = the public getting screwed.

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