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IPFS News Link • Economy - Economics USA

JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%

05-28-2009 • NakedCapitalism.com

Folks, 24% is a simply breathtaking number for credit card losses, and JP Morgan is saying that is what it may see on its WaMu portfolio. Even keeling-over-and-dying Advanta is up to only 20% losses.

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