UPDATE - JPMorgan (JPM) CEO, Jamie Dimon, Comments on Lending Practices
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UPDATE - JPMorgan (NYSE: JPM) CEO, Jamie Dimon, says how low will housing prices get, and how bad of a recession will we face? These are the questions that will determine how stringent mortgage lending practices will be.
Dimon says companies need more transparency and conservative accounting which will lead to higher quality capital.
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