Daily WebLogs


Email, Print, Share. CLICK HERE.

JP Morgan's $2 billion loss is only the beginning

May 14, 2012

http://seekingalpha.com/article/584531-jpmorgan-s-2b-loss-a-preview-of-the-coming-derivatives-market-collapse

"We never learned one of the basic lessons that we should have learned from the financial crisis of 2008. Wall Street bankers take huge risks because the risk/reward ratio is all messed up. If the bankers make huge bets and they win, then they win big. If the bankers make huge bets and they lose, then the federal government uses taxpayer money to clean up the mess. Under those kind of conditions, why not bet the farm?"


2017 Tabernacles Conference Videos
[Click To Expand]
Notices From GKM Admin (new)
[Click To Expand]
Daily Weblogs
[Click To Expand]


Tags:
Category: In The News

Dr. Stephen Jones


Add Pingback