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- WaMu Shores Up Balance Sheet
2011-07-17 — bankimplode.com
``The bank lowered its loss provisions by two-thirds... That little rebalancing freed up $1.55 billion to settle gently to the bottom line. What happens if the reduced provisions were too optimistic? Who picks up the extra costs? Why you do silly! But earnings reports are all theater anyway, to understand the real risk and rewards to J.P. Morgan you need always to look off balance sheet.''
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