Here Is The Reason For JPM's Negligible Litigation Reserve: You

Tyler Durden's picture

For all those asking, there is just one little footnote that explains all you need to know why "JP Morgan is not Bank of America"...

Translation: unlike BAC, which is on the hook for billions in litigation payments and other private label exposure, the party funding the same exposure at JP Morgan is.... you (but that is "contested" by the FDIC and its former boss Sheila Bair who recently found religion, but just a little too late).

h/t Manal