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For example, JPMorgan decreased the amount it holds to buffer the bank against future losses from mortgages and credit card delinquencies, a move that lifts reported profits. That's reasonable in a strengthening economy. But analysts had hoped to see at least some uptick in the bank's lending activity.
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Royce, a Republican, said he and several other lawmakers met two days ago with Vice President Joe Biden on the threat, "and as you know we're going to take whatever steps necessary to protect our personnel overseas. When we do have an indication of a threat, we take that seriously."
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"That (Orr's) proposal called for a discount across theboard on bonds regardless of their security didn't seemreasonable," said . "I think (bond creditors) felt they have achance to fight that in the court."