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An ilk already! Don’t bet on the reining in of JPMorgan...

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  • Apparently JPM also invested an enormous amount of money in hedge fund manager Phil Falcone's failed broadband company, Lightsquared (as equity, not debt, apparently, according to a CNBC interview yesterday.) Carl Icahn, David Tepper and others were/are the debt holders.

    http://en.wikipedia.org/wiki/LightSquared
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