Economy Jun 05

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Who Benefited from JP Morgan’s Losses?

JPMorgan Chase World Headquarters on Park Avenue in New York City. Photo by Timothy A. Clary/AFP/Getty Images. Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Tuesday's…

The U.S. Treasury announced Tuesday that 10 large banks would be permitted to start repaying approximately $68.3 billion in total bailout funds they received from the government in the past nine months.

Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis.