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)
5 thoughts on “One trade could cost JPM $9 BILLION”
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stillthinking says:
300 pounds per worker. Not so bad.
khards says:
It’s not lost it have merely been transferred to another banking cartel.
Maske2g says:
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.
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.
blinktoofast says:
Imagine Dimon as the main character in this mashup
http://www.youtube.com/watch?v=WfvIstgOugc&feature=fvwrel