Reply With QuoteI think the wiki said something about animal control.
Wild Arms Junky.
What do you do?Originally Posted by Yoshi
http://www.fvza.org/index.html
Sell me a poke.
I think the wiki said something about animal control.
lol
Wild Arms Junky.
http://www.fvza.org/index.html
Who cares? JPMorgan's losses are someone else's gains. The money doesn't vanish.
Wild Arms Junky.
If that's the case then no business losses anywhere matter.
http://www.fvza.org/index.html
And they don't to anyone who isn't a share holder... or an employee or customer if it's really bad.
Wild Arms Junky.
Nothing loses billions and doesn't cause problems somewhere. The more important issue is that some very large banks are showing an inability to learn from their shit a couple years back. Further proof that we should either break them up and mitigate losses or reduce incentive to game the system OR (get ready... you're gonna like this I promise) actually throw caution to the wind and let which ever bank that does this fail regardless of size and ride whatever storm comes after.
http://www.fvza.org/index.html
Are you really this dense?
Proprietary trading is basically a bank taking someones checking account deposits and gambling with them in order to make money for themselves. We shouldn't give any bank engaging in prop trading (or in this case, prop trading disguised as "hedging") FDIC insurance. That isn't what it was created for.
Well, at least Dimon is getting what he deserves for letting this happen.
23 million dollars.
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