Feel free to post your economic, business and political news, reports, and predictions concerning the U.S., Canadian, and world economy here. Please keep threads and posts on-topic.
by Copper Catcher » Fri May 18, 2012 8:42 pm
$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.
-
Copper Catcher
- Too Busy Posting to Hoard Anything Else
-
- Posts: 5206
- Joined: Sat Jan 26, 2008 3:00 pm
by Ardent Listener » Mon May 21, 2012 7:57 am
Talk of five billon this morning.
All posts by the person known here as Ardent Listener are for your edification and amusement only and are not intended to provide investment, medical, legal, tax advice or any other advice or counsel and nothing posted here should be considered to be so.
-
Ardent Listener
- Founding Member
-
- Posts: 4983
- Joined: Tue May 02, 2006 10:00 am
by Copper Catcher » Mon May 21, 2012 9:19 am
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
-
Copper Catcher
- Too Busy Posting to Hoard Anything Else
-
- Posts: 5206
- Joined: Sat Jan 26, 2008 3:00 pm
by Treetop » Tue May 22, 2012 5:56 am
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.
-
Treetop
- Super Post Hoarder
-
- Posts: 3852
- Joined: Wed Oct 13, 2010 2:50 am
Return to Economic & Business News, Reports, and Predictions
Who is online
Users browsing this forum: No registered users and 43 guests