Bloomberg News
ON DEFENSE: "We did ask. We weren't completely stupid," JPMorgan Chairman and CEO Jamie Dimon said this month in response to criticism that he should have sought more protections from legal liability in the two deals.

JPM's Bear Stearns, WaMu Deals Will Pay Off — Eventually

JPMorgan Chase's acquisitions of Bear Stearns and Washington Mutual during the meltdown were once seen as bargains and more recently second-guessed in light of the bank's $13 billion mortgage settlement. The pain will pay off in the long run, experts say.

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