On the recordNovember 19, 2014
And so JPMorgan used its bidding strategies to more than make up for the money it lost at market rates, frequently receiving in the end more than twice its costs because of the make-whole mechanism.
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congress.govCarl Levin: “And so JPMorgan used its bidding strategies to more than make up for the money it lost at market rates, frequently…”
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Levin describes how JPMorgan profited from its bidding strategies.
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