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Shine on crazy Dimon

26 September 2008 By Antony Currie

The JPMorgan boss has plucked the US thrift, with its $300bn of assets, from receivership’s jaws for $1.9bn. WaMu s loans will need to be written down, but cost savings should help make raising $8bn in equity a doddle, leaving JPMorgan’s balance sheet solid.

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