JPMorgan Hit by ‘Egregious’ Trading Loss of $2 Billion
• CNBCJPMorgan Chase, the biggest U.S. bank by assets, said it suffered a trading loss of at least $2 billion from a failed hedging strategy, a shock disclosure that hit financial stocks and the reputation of the bank and its CEO, Jamie Dimon.
No worries. That trifling amount of money probably equates to less than the amount of interest they "earned" off of the first round of taxpayer money they received in Bush bailout #1.