Tag Archives: JP Morgan Chase

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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Sneaky Socialists Vs. Busted Brokers

Posted on April 1, 2011 by troutboy

The Business Insider website has reported about a “secret audio tape” of lefty Stephen Lerner, a fomer leader of the Service Employees International Union plotting against JP Morgan Chase. What?  A socialist organizer of janitors and health aides is planning … Continue reading →

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