2011-04-01 — market-ticker.org
``There was an awful lot of hand-waving by various large banks, if you remember, that they didn't "need" any of these programs. And yet we find a curious mixture of large banks that actually did use these programs, including JP Morgan's over-representation in the ABCP program itself. For firms that claimed, in public, that they needed no help, this is rather curious is it not?''
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