JPMorgan Chase & Co., hours after saying the credit-market crisis is almost over, made plans to raise $6 billion in its biggest offering of perpetual preferred stock, This is really, really weird. Paul Jackson has the obvious reaction: "I can't imagine that a $6 billion capital raise would just have slipped the minds of the execs [at JPMorgan]
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Wednesday, April 16, 2008
JP Morgan's Really Weird Capital Raise: File under "WTH?
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