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dbackjon

(6,578 posts)

26. This is a HUGE story, folks

Reply to swag (Original post)

Fri May 11, 2012, 09:51 AM

May 2012

Exhibit A as to why Glass-Steagel needs to be reimplemented.

Rich people gambling with OUR money.

Investment banks and regular banks never should have been allowed to mix. They need to be reseparated.

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JPMorgan Discloses $2 Billion in Trading Losses [View all] swag May 2012 OP

Oops..... DeSwiss May 2012 #1

In the meantime, the guys over at Goldman Sachs made an extra $2 billion.... DCKit May 2012 #2

It's the hedge funds now that have JP Morgan Chase by the shorts FarCenter May 2012 #22

No bailouts JP, and Dimon no bonus for you this year. sarcasmo May 2012 #3

And how many billion in bonuses? Vidar May 2012 #4

What? With all of their computers and analysts and algorithms and whatnot? truthisfreedom May 2012 #5

So much money, so little time to lose it all. originalpckelly May 2012 #6

synthetic credit portfolio ? NeoConsSuck May 2012 #7

A collection of very highly leveraged bets on whether certain loans will be paid off. n/t PoliticAverse May 2012 #12

Portfolio Based on Another Portfolio erpowers May 2012 #14

Idon't know about JP morgan but I can go into the local bank and invest with Goldman Sachs.. peace13 May 2012 #8

So step down, Dimon. Personal responsibility, remember! CanonRay May 2012 #9

Fire Jamie Dimon erpowers May 2012 #10

What does such a loss mean to their tax liabilities? Trillo May 2012 #11

JPMorgan Woes Signal Trouble for Banks, Market: Fast Pros Purveyor May 2012 #13

Well we all know what they need to do now zeemike May 2012 #15

And just three weeks ago, Jamie "Bankster" Dimon was saying it was all just a "tempest in a teapot" brentspeak May 2012 #16

And they will get bonuses for keeping the losses small. ChairmanAgnostic May 2012 #17

Is it time yet for another bailout? AnotherMcIntosh May 2012 #18

was that $2 billion.... unkachuck May 2012 #19

Why Didn't Dodd-Frank Prevent This Sort Of Thing DallasNE May 2012 #20

I am not sure Dodd-Frank is fully implemented yet hack89 May 2012 #24

Losing in the London casino FarCenter May 2012 #21

"poorly constructed, poorly reviewed, poorly executed, and poorly monitored." underpants May 2012 #23

"it could easily get worse.” Renew Deal May 2012 #25

This is a HUGE story, folks dbackjon May 2012 #26