Tag Archives: CDS

JP Morgan Lose $2 Billion on Risky Bets Meant to Reduce Risk on Bets That Other Companies Made. Or Something Like That.

Posted on May 11, 2012 by troutboy

Oh, Oh, Oh, Jamie’s Cryin’ (New York, NY) CEO Jamie Dimon disclosed Thursday that JP Morgan has sustained $2 Billion in trading losses. The losses were caused by huge bets in Credit Default Swaps, the complicated insurance-like bets in credit … Continue reading →

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