$3 Billion and Counting: JP Morgan's Loss Grows by 50%

[Copper Catcher]

$3 Billion and Counting: JP Morgan's Loss Grows by 50% in 5 Days

http://www.theatlantic.com/business/arc ... ys/257312/

I don't know any other company that could claim $2 billion in losses and then say oops I mean $3 billion and further state it might even be $4 billion by year end and get away with all this nonsense.

[Ardent Listener]

Talk of five billon this morning.

[Copper Catcher]

JP Morgan Chase has a derivative exposure of $70.151 Trillion dollars.
$70 Trillion is roughly the size of the entire world's economy.

9 Biggest Banks' Derivative Exposure - $228.72 Trillion

[Treetop]

JP Morgan Chase has a derivative exposure of $70.151 Trillion dollars.
$70 Trillion is roughly the size of the entire world's economy.

9 Biggest Banks' Derivative Exposure - $228.72 Trillion

Honestly i dont understand this derivatives stuff at all. Sure doesnt sound stable or wise to me, from what I have seen.