in 2008 the big crack up in the fall was preceded by some small crack ups in the spring.
so far this year we’ve had corzine’s company lose 1 billion and jpmorgan lose 3 billion.
if the pattern holds true to form there will be some bigger wall st losses in the fall.
It isn’t just 3 billion.
Zero Hedge who call JPM on this before it got out says its more likely between 8 up to 30 BILLION!