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Wall Street Roundup: Double dip? Fighting for GM.

May 25, 2010 |  7:14 am

Market jitters continue. Stock markets in Europe fell upon concern about the health of Spain's banks and the military tension in the Korean peninsula.

Double dip? The Wall Street Journal decides to play up an opinion piece arguing that a double-dip recession may be just around the corner.

Banks turn sour. Bank stocks have been a sure bet for hedge funds during the recovery, but over the last few months these same stocks have been leading the market down and creating losses for traders, according to Business Insider

Dimon on reform. Jamie Dimon, the chief executive at JPMorgan Chase, has been a leading critic of financial reform, but on Monday night he said the legislation passed by the Senate is likely to provide a new regulatory framework that is better than what the United States had before. 

Fighting for GM. The big banks are fighting for the job of taking GM public again, but Goldman Sachs' Lloyd Blankfein decided not to show up, leading to lots of speculation.

--Nathaniel Popper

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