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1,364 Posts.
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08/03/12
14:00
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Interesting.
I suspected it would eventually lead into a sales pitch.
One thing.
If the opening of these two new Asian exchanges affects the CME, and it should by all accounts, the JPM could fail.
Hasn't JPM some arrangement with the US Gov't, where they are "protected" and would be bailed out, if that situation arose?
If the cash-strapped US Gov't had to bail out the likes of JPM, wouldn't it be Armageddon all over again?
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