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

PostPosted: Fri May 18, 2012 8:42 pm
by 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.

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

PostPosted: Mon May 21, 2012 7:57 am
by Ardent Listener
Talk of five billon this morning.

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

PostPosted: Mon May 21, 2012 9:19 am
by 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

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

PostPosted: Tue May 22, 2012 5:56 am
by Treetop
Copper Catcher wrote: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.