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Wells Fargo

Fed Up With Bank Buybacks?

"...while J.P. Morgan's paper loss could prove fleeting, it is also a reminder of the Fed's questionable decision in the spring to allow some banks to resume capital returns even as the central bank was printing money in an attempt to resuscitate the economy. Now, the Fed has trimmed its growth forecasts and declared it will maintain near-zero interest rates until mid-2013."

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