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The $2 Billion Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market
The Economic Collapse Blog ^
| 05/12/2012
| Michael Snyder
Posted on 05/12/2012 10:44:24 AM PDT by SeekAndFind
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To: Soul of the South
You never showed how much banks are borrowing to put on this fabulous arb.
41
posted on
05/16/2012 8:41:38 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: SeekAndFind; blam; The Duke; HiTech RedNeck; riverrunner; Quix; Alamo-Girl; M. Espinola; ...
This so-called $ 2 Billion" loss is really
"$ 9 Billion" according to the company's own accountant. But most likely the loss will soon exceed $ 12 - $ 15 Billion in reality. But derivatives losses are nebulous beasts and these losses might easily top out nearer to $ 20 Billion.
But that figure is not as important as this breaking report:
JPMorgan Chase Manipulation Scandal Raises Specter Of Enron !
Isn't Jamie D Mr. 0's favorite banker ___ ?
LOL !
This is the new Washington DC. Corruption corruption corruption and still no prosecutions. Just bonuses. More $$$$$$$ Millions in payoffs for profiteering criminals . . . .
42
posted on
07/04/2012 8:52:02 AM PDT
by
ex-Texan
((Ecclesiastes 5:10 - 20))
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