News of the day...
News of the day...
Out of context: Reply #108
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- qoob0
JP Morgan loses $2 billion in speculative trading
http://www.washingtonpost.com/bu…
Democrats in Congress are already using the incident to call for strong regulations. “The enormous loss JPMorgan announced today is just the latest evidence that what banks call ‘hedges’ are often risky bets that so-called ‘too-big-to-fail’ banks have no business making.”
- $2 billion in trading losses due to “errors, sloppiness and bad judgment” hahahaha Really.pillhead