10/14/2025
That was Jamie Dimon's comment on the $170 M write-off due to sub-prime lender Tricolor.
Thsi is on the heels of the $175M Charlie Javice debacle.
In another smooth move that same bank bought Frank from Javice for $175M. Turns out she did not have several million clients. The Judge noted teh bank'sstupidity.
First Brands CEO resigns amid $2 B missing
Jeffries stock drops 25% amid news it is owed $715 M in factoring by First Brands.
All of this reflects a lack of due diligence and oversight on the part of the lenders or buyers in these three situations.
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