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Forum Post: fraudulent banking , full power ahead

Posted 2 years ago on May 11, 2012, 3:38 p.m. EST by gestopomillyy (1695)
This content is user submitted and not an official statement

His unit made losing bets on "synthetic credit securities" -- the same kind of instruments that nearly led to a collapse of the financial system in 2008, prompting a nearly $1 trillion govenrment bailout.

http://gma.yahoo.com/jpmorgan-2b-trading-loss-roils-markets-raises-fears-121452030--abc-news-money.html

JPMorgan $2B Trading Loss Roils Markets, Raises Fears About Bank Risks

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3 Comments


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[-] 1 points by Nevada1 (4650) 2 years ago

Thank you for post.

[-] 1 points by ClearTarget (216) 2 years ago

Surely taxpayers will come to the rescue of JP Morgan again right? (sarcasm)

[-] 1 points by gestopomillyy (1695) 2 years ago

it will be harder this time.. they might have to take it out of the military budget!