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taught_me_patience

(5,477 posts)

4. They weren't

Reply to ieoeja (Reply #2)

Fri May 11, 2012, 02:40 PM

May 2012

They were trading to make money period. The are framing the language but make no mistake "synthetic portfolio" = "collateralized debt obligations".

I know a number of Wall Street traders and they all say that Jamie Dimon and JPM is running the largest hedge fund in the world.

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Highlight:

How will JPMorgan "wash" its $2B trading loss? [View all] Trillo May 2012 OP

My first thought was how JP Morgan was going to handle their shareholders. no_hypocrisy May 2012 #1

I can't get past the fact that they were trading to protect themselves from risk. ieoeja May 2012 #2

They weren't taught_me_patience May 2012 #4

Obama's fault, obviously. HopeHoops May 2012 #3