JP Morgan loss now 9 billion [General] - MarketTicker Forums


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User Info	JP Morgan loss now 9 billion in forum [General]
Woodsman Posts: 554 Incept: 2007-11-09	Per Bloomberg. Looks like the NY Times was the source: http://dealbook.nytimes.com/2012/06/28/j.... Last modified: 2012-06-28 07:38:56 by woodsman Reason: Added link to story 2012-06-28 07:36:10 Permalink
Wakeupcall Posts: 4287 Incept: 2009-06-08 Hampton Roads, VA	I am so not surprised. ---------- “Nothing travels faster than the speed of light, with the possible exception of bad news, which obeys its own special laws.” 2012-06-28 07:37:29 Permalink
Goforbroke Posts: 5408 Incept: 2007-11-30 Just call me 'Comrade'	He apologized and called it "stupid," so everything's OK. What a man. ---------- We have met the enemy and it is us. -- Pogo 2012-06-28 07:50:02 Permalink
Jstanley01 Posts: 8282 Incept: 2008-07-30 San Antonio, Texas	Quote: ...the losing trade, made by the bank’s chief investment office in London... Convenient, ain't it? How the bloke who actually made the trade -- USING FDIC INSURED DEPOSITS -- is located outside the reach of a subpoena from the U.S. CONgress. Especially for the CONgresspersons on the Banking Committee, who want one thing and one thing only from Dimon's wiggly ass: "Please do sex to me, Mr. Pigman!" ---------- You can't cheat an honest man. ~P.T. Barnum 2012-06-28 07:56:32 Permalink
Jubber Posts: 14658 Incept: 2007-07-05 UK	like Cassano you mean http://dealbreaker.com/2010/06/joe-cassa.... ---------- “The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher 2012-06-28 08:01:25 Permalink
Ghopper Posts: 2317 Incept: 2011-06-11 Staten Island, NY Online	Now 9 billion. The questions are what is the final loss and will it actually be announced. 2012-06-28 08:07:34 Permalink
Degaston Posts: 2264 Incept: 2007-07-27	My first thought when I heard that Dimon was "apologizing" for a billion dollar loss was "uh oh did some of Dimon's multi trillion dollar bets on the counterparty side of derivatives contracts blow up" and is this number going to actually not just be a pidling amount but potentially tens of billions? I wonder if this "9 billion" is just this quarter's writeoff with the loss being amortized over the next few years using some creative TARP-legalized Enron-style accounting process. ---------- 3/17/2013: Bullish on nothing - 100 percent in cash. 2012-06-28 08:08:08 Permalink
Bozonian Posts: 19967 Incept: 2007-09-01 Saratoga Springs, New York	I called this when it happened: it'll be 20 billion when all is said and done. ---------- The most expensive thing you can have is a closed mind. -- Geoffrey Filburt Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. 2012-06-28 08:10:37 From PDA Permalink
Theox Posts: 601 Incept: 2009-01-30 People's Republic of Maryland	It will be $20B minimum. Keep going, Jamie. What's $9B among friends, anyway? 2012-06-28 09:38:12 Permalink
Hogman Posts: 7888 Incept: 2008-02-18 Derby City, USA	^^yes 2012-06-28 10:11:12 Permalink
Uppity_peasant Posts: 3231 Incept: 2009-06-26	Who's your daddy, Congress? Yeah, that's right - Jamie's your daddy. And he's Obama's daddy, too... ---------- ==== If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with? 2012-06-28 10:12:06 Permalink
End_the_bubbles Posts: 9602 Incept: 2009-03-25 The New 3rd World	Ehhh, 2 Billion; 9 Billion? Just a rounding error..... ---------- In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters. 2012-06-28 14:31:28 Permalink
Passivesf Posts: 5495 Incept: 2008-02-01	The largest taxpayer backed hedge fund in the world... ---------- "Banking institutions are more dangerous to our liberties than standing armies. The issuing power of currency should be taken from central banks and restored to the people, to whom it properly belongs" 2012-06-28 14:45:34 Permalink
Ghopper Posts: 2317 Incept: 2011-06-11 Staten Island, NY Online	Quote: "Ehhh, 2 Billion; 9 Billion? Just a rounding error..... More than enough depositors' money to cover it. No impact on Jaime's bonus. 2012-06-28 20:33:31 Permalink
Duc888 Posts: 7368 Incept: 2008-11-06 CT, the UNconstitution State	... I must admit I am really starting to like this. I'd like to grab ***-stains cuff links in a pawn shop for $20. ---------- ...burp 2012-06-28 20:35:10 Permalink*
Eighty6thebs Posts: 4212 Incept: 2007-06-26 It's contained to sub-prime!	I'm sure it's "contained" and America has "decoupled". Come on in investors....the water is safe! ---------- "Sounds to me like you guys a couple of bookies" - Billy Ray Valentine "No I am not scared, and neither should you be!" - Iraqi Information Minister 2012-06-28 21:23:32 Permalink
Antone Posts: 7863 Incept: 2008-02-03 Seditionia, USSA	Quote: The largest taxpayer backed hedge fund in the world... I thought that was the Federal Reserve. ---------- As if anything has changed: Wir sind gefickt. 2012-06-28 21:49:32 Permalink