[Lorianne]

If JPM knows what it is doing and can absorb their losses on their own, then why do they need government provisions to cover them?

I have no interest in what JMP does or how it handles their business ... I only care that taxpayers are not on the hook for any losses.

[cripplecreek]

I have no interest in what JMP does or how it handles their business ... I only care that taxpayers are not on the hook for any losses.

Agreed. Too bad we don't appear to be a capitalist nation any more. My local electric company got approval to raise rates due to the "losses" resulting from falling demand. Apparently the law of supply and demand doesn't apply any more.

They cry that their investors "expect" a certain return on their investments. Maybe I should take up gambling and demand a 20% return on what I "invest" in slot machines.