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Robert Scheer: How JP Morgan Chase Lost Its $2 Billion Gamble | The Nation

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Nation in the News

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Robert Scheer: How JP Morgan Chase Lost Its $2 Billion Gamble

JP Morgan Chase’s massive trading loss is about more than just a gamble that went wrong. Rather, it exemplifies a system where Wall Street writes the laws, says Robert Scheer, Nation contributing editor and editor-in-chief of Truthdig. In this appearance on Al Jazeera’s Inside Story, he explains how the government intervenes on behalf of big banks, while coming down “viciously” on ordinary Americans “being screwed by the system.”

—Elizabeth Whitman

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