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Chase Earns Money

1.15.09- My God, a large, publicly traded bank actually made money in the last quarter of the exceedingly dismal year that just passed. JPMorgan Chase declared a $702 million profit for the fourth quarter of 2008. Granted, that is down from the $3 billion it raked in a year ago, but that was before the crap hit the fan. (Chase lost $2.8 billion during the final three months of 2008 on credit card, mortgage, and corporate lending, and trading.)

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