Forum Post: fraudulent banking , full power ahead
Posted 11 years ago on May 11, 2012, 3:38 p.m. EST by gestopomillyy
(1695)
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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.
JPMorgan $2B Trading Loss Roils Markets, Raises Fears About Bank Risks
Thank you for post.
Surely taxpayers will come to the rescue of JP Morgan again right? (sarcasm)
it will be harder this time.. they might have to take it out of the military budget!