{"id":10378,"date":"2009-04-17T00:00:00","date_gmt":"2009-04-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"jp-morgan-backs-out-of-toxic-assets-plan","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/jp-morgan-backs-out-of-toxic-assets-plan.html","title":{"rendered":"JP Morgan backs out of toxic assets plan"},"content":{"rendered":"<p>Mail Tribune &#8211; The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks&#8217; books after JPMorgan Chase&#8217;s chief executive said the company won&#8217;t participate in the program.<\/p>\n<p class=\"articleGraf\">Some analysts said comments by JPMorgan Chase &amp; Co. CEO Jamie Dimon could spell trouble for Treasury&#8217;s program, which is aimed at what many view as the heart of the current financial crisis &mdash; toxic assets that are weighing on banks&#8217; balance sheets and preventing them from resuming more normal lending to consumers and businesses.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.mailtribune.com\/apps\/pbcs.dll\/article%3FAID%3D\/20090417\/BIZ\/904170326\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mail Tribune &#8211; The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks&#8217; books after JPMorgan Chase&#8217;s chief executive said the company won&#8217;t participate in the program. Some analysts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2410,4439,4301,4306,1563,67,4318,4726,10474,10471,7346,10472,10473,4165,236,503],"class_list":["post-10378","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amp","tag-assets","tag-balance-sheets","tag-banks","tag-ceo","tag-chief-executive","tag-consumers","tag-financial-crisis","tag-heart","tag-jamie-dimon","tag-jpmorgan-chase","tag-mail-tribune","tag-mortgage-investments","tag-treasury-department","tag-trillion","tag-viability"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10378"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10378\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}