Thursday, June 28, 2012

One trade could cost JPM $9 BILLION

Jpmorgan trading losses could hit $9 bilion

nothing learned and nothing changed...I say bring back nick leeson,from a risk management point of view...he did 5.5 years in jail these people get promoted...feel something big is going to happen or snap

Posted by taffee @ 02:03 PM (2735 views)
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5 thoughts on “One trade could cost JPM $9 BILLION

  • stillthinking says:

    300 pounds per worker. Not so bad.

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  • It’s not lost it have merely been transferred to another banking cartel.

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  • The usual ignorance on here.

    It hasn’t transferred to someone else, because that someone else would have been correctly hedged.

    It’s more than 1 trade.

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  • mark wadsworth says:

    Khards beat me to it.

    Sad thing is, the bloke on the winning side of the bet gets a £90 million bonus and the bloke on the losing side has to make do with his basic pay of £500,000. Next year, the bet will go the other way, so they both end up £91 million better off. I’m really not sure how much value this adds to the economy. Probably less than nail technicians and wannabe celebrities, although Mr G may be to differ.

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