JPMorgan reveals shock $2bn trading loss on investments - Printable Version
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JPMorgan reveals shock $2bn trading loss on investments - MilesColtrane - 05-10-2012 10:20 PM
May 10, 2012 BBC News
Quote:JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of $2bn (£1.2bn) on complex investments made by its traders.
Not so shocking if you believe the economic theory of moral hazard.
Anti-trust laws were created for a reason.
Break them up or nationalize them before they take down the economy for good this time.