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	<title>yanli's Diary</title>
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	<lastBuildDate>Thu, 16 Apr 2009 14:45:18 +0000</lastBuildDate>
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		<title>JP Morgan has no plans to repay bailout money</title>
		<link>http://www.redstate.com/yanli/2009/04/16/jp-morgan-has-no-plans-to-repay-bailout-money/</link>
		<comments>http://www.redstate.com/yanli/2009/04/16/jp-morgan-has-no-plans-to-repay-bailout-money/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 14:45:18 +0000</pubDate>
		<dc:creator><a class="user" href="/users/yanli/">yanli</a> (<a href="/yanli/">Diary</a>)</dc:creator>
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		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[JP Morgan]]></category>

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		<description><![CDATA[JP Morgan has made nearly $6 billion dollars in the first quarter. The banking giant reported $2.1 billion as profit, set aside $4 billion as a CUSHION?! Unlike it's rival Goldman Sachs JP Morgan mentioned nothing about repay the $25 billion bailout money!]]></description>
			<content:encoded><![CDATA[<p>    JP Morgan announced a 2.1 billion dollar profit for the first quarter, unlike it&#8217;s rival Goldman Sachs  the banking giant did not mention any plans to repay the government money. According to Eric Dash&#8217;s report on washington post&#8217;s website. (<a href="http://www.washingtonpost.com">www.washingtonpost.com</a>)</p>
<p>    JP Morgan has reportedly made nearly $6 billion dollars in the first quarter, $2.1 billion was categorized as profit, and $4.2 billion was set aside as a cushion, a CUSHION?! While millions of taxpayers are struggling to get by, the banking giant is cozily enjoy its &#8220;cushion&#8221;. Obviously, the CEO&#8217;s of the bank are a bit forgetful-they don&#8217;t remember that they need to repay the $25 billion taxpayers money that they got from the government.</p>
<p>    Allegedly, when a survey of the nation&#8217;s 19 major banks comes out next month, the govenment might pump more money into the banking system! (<a href="http://www.nyt.com">www.nyt.com</a>) One might wonder, how long can we keep feeding the bad bankers?</p>
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