JPMorgan 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.
1 Comments in Response to JPMorgan Hit by ‘Egregious’ Trading Loss of $2 Billion
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.