Discussion in 'Economy' started by WillowTree, May 10, 2012.
lost a couple of billion dollars..
some American fortunes have evaporated.
Here we go again...
JPMorgan trading unit suffers big loss - May. 10, 2012
Maybe they can cover those loses with customer money from segregated accounts?
All the Way! SLA!
No worries. The GOP will bail them out just like Bush did.
You idiots should read the articles you link to
I was waiting for this loss. Traders have been noticing for months now that there was a JP Morgan prick in London making large moves which were affecting the price point of derivatives single-handedly. He's been all over Bloomberg for a while now. It is my guess he was double betting like a fucking rank amateur.
He got exactly what he deserved.
Some people never learn. Credit default swaps need to be regulated.
But hey, let's find a way to blame the negroes for this!
FDIC insured banks should not be allowed to own, sell, hypothicate, borrow against or even look at these securities.
If you want to trade, use and lose your own money and leave me out of it
This was a corporate trading unit. It is not FDIC insured. He was gambling with client money. Maybe proprietary money.
You better hope your 401k manager was not one of those clients.
see cons your corporate gods are very falliable
It must be Bush's fault....since Obamination is sitting in the White House.
Separate names with a comma.