JPMorgan May Post $600 Million Write-Down On GSE Shares
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2008-08-25 — cnn.com
"JPMorgan Chase & Co. (JPM) could post a write-down of $600 million or more on the value of its holdings of Fannie Mae's (FNM) and Freddie Mac's (FRE) perpetual preferred stock as their value continues to sink."
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