JPMorgan suffers big loss. Oopsie!

Discussion in 'Economy' started by WillowTree, May 10, 2012.

  1. WillowTree
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    WillowTree Diamond Member

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    lost a couple of billion dollars..




















    :eusa_whistle::eusa_whistle::eusa_whistle::eusa_whistle:



    some American fortunes have evaporated.
     
  2. Mr. Peepers
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    Mr. Peepers Senior Member

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  3. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Maybe they can cover those loses with customer money from segregated accounts? :lol:

    All the Way! SLA!
     
  4. VaYank5150
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    VaYank5150 Gold Member

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    • Thank You! Thank You! x 1
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    You idiots should read the articles you link to

    Jesus
     
  6. g5000
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    g5000 Diamond Member

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    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!
     
    Last edited: May 11, 2012
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    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
     
  8. g5000
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    g5000 Diamond Member

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    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.
     
  9. Truthmatters
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    Truthmatters BANNED

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    see cons your corporate gods are very falliable
     
  10. GoneBezerk
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    GoneBezerk BANNED

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    It must be Bush's fault....since Obamination is sitting in the White House. :eusa_whistle:
     

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