by Calculated Risk on 8/12/2008 03:37:00 PM

Update: Here is the story from Bloomberg: JPMorgan Shares Plunge on $1.5 Billion Mortgage Loss Since July (hat tip Ministry of Truth and TJ)

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Ladenburg analyst Richard Bove is being quoted (headlines only) that JP Morgan's "original concept" has "broken down". And that the issues will not be resolved until "well into 2009."