Why does JP Morgan dump $79,000,000 into the failing ITT Tech (ESI) to pay off a debt to the US DoED? I know that it's pocket change for management, but it's still a chunk of change. Is JPM making lots of bad bets like this?................ http://www.benzinga.com/news/14/11/4981280/itt-educational-services-says-jpmorgan-chase-bank-issued-irrevocable-letter-of-cr
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They can afford mistakes, who knows what's happening there