``JPMorgan Chase is a defendant in more than 10,000 legal proceedings and may be $4.5 billion short of reserves needed to cover those costs in a worst-case scenario, the firm said in a regulatory filing on Monday. '' -- What?! We thought JP Morgan had all the money in the world...

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catherine at 12:27 2011-03-01 said:
OOOOOPS and the lawsuits are just beginning................ Permalink

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