6 Ways the Big Banks Are Getting Back-Door Bailouts and Making Big Money From Taxpayers

[dipsydoodle]

1. And JP Morgan's recent losses appear to have been unstated somewhat

J.P. Morgan loss may reportedly hit $9 billion.

NEW YORK (MarketWatch) — Shares of J.P. Morgan Chase & Co. fell on Thursday after a newspaper reported that the trading loss suffered by the bank could potentially amount to $9 billion in a worst-case scenario — much more than previously estimated.

The bank’s trading loss resulted from a soured bet on complex credit derivatives undertaken by its chief investment office in London.

The New York Times, citing unnamed sources it described as having been briefed on the situation, reported Thursday that an internal report produced in April by J.P. Morgan Chase (US:JPM) showed that the bank’s trading loss could hit between $8 and $9 billion under the worst possible conditions.

http://articles.marketwatch.com/2012-06-28/industries/32447343_1_chief-executive-jamie-dimon-fortress-balance-sheet-trading that's just a convenient link : there are many on the subject today.