The black hole was the bad loans and derivatives being created with those loans. The closing of those outfits ended the big sucking sound. The collapse of the black holes has stablized the local universe!
Now it's time to do some "clean up" as Bair said the other day.
JPM can't have 300 B worth of assets, cherry picked on top of it, for only 2 B.
The cleaning up is to settle the law suits and end the BK of WMI.
That's where the price of these shares goes up. For the newbies here!
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