May 102012

This could prove entertaining:

JPMorgan Reveals Significant Trading Loss; Shares Plummet

… the company had sustained some $2 billion in trading losses in its synthetic credit portfolio in the past six weeks.


 Posted by at 7:52 pm
  • Jordan

    Entertaining, yes… but in the grand scheme of things it probably eon’t mean much.

  • Peter Hanely

    An example of why separating commercial and investment banks was a good idea. Let a financial institution have the deposit insurance or freedom to make risky investments, not both.

  • Arlukiii

    So I don’t get it, are the banks evil east coast establishments or government shills or do we want free capitalism?