JP Morgan Loses 1.5 Billion SINCE JULY

The bank had its biggest decline in six years after reporting a $1.5 billion loss on mortgage-backed assets in less than two months. The stock dropped 9.5 percent. And this is the firm, to remind those of you not obsessed w/banks, that bailed out Bear Stearns under the direction of the Fed and the Treasury.Last month, JP Morgan CEO Jamie Dimon, in a frank statement, said in discussing their