JP Morgan Chase lost 3 BILLION now... not 2 BILLION.... - GoFuckYourself.com

Juicy D. Links · 05-16-2012, 07:36 PM

And I bet this is just the tip of the iceberg

Bet ya some crazy shit will be poppin up about em in the coming days / weeks

BIGTYMER · 05-16-2012, 07:40 PM

FBI is investigating. Like they have any clue how complex this shit is.

epitome · 05-16-2012, 07:42 PM

Their wager was on Europe. Depends on where that goes.

Juicy D. Links · 05-16-2012, 07:43 PM

Quote:

Originally Posted by BIGTYMER

FBI is investigating. Like they have any clue how complex this shit is.

True... who wtf they actually did behind the scenes ... we shall see what happens I guess

Juicy D. Links · 05-16-2012, 07:44 PM

Quote:

Originally Posted by epitome

Their wager was on Europe. Depends on where that goes.

They should have just put it all on "Black "

TheSenator · 05-16-2012, 07:47 PM

I think some people are going to disappear.

Houdini · 05-16-2012, 07:50 PM

Reminds me of Bear Sterns. "Everything is fine" two weeks prior to them closing up shop. Can't wait to hear what other banks are doing the same, because you know JP Morgan isn't the only one doing this. The problem is, most other banks can't take that kind of hit. XLF puts = $

sandman! · 05-16-2012, 07:54 PM

onwebcam · 05-17-2012, 01:11 AM

They've been caught numerous times cooking the books and fixing the market. Just another day of business for them. Either way it's all a ponzi scheme.

slavdogg · 05-17-2012, 01:27 AM

who was on the other end of this bet is whats going to be interesting to find out.

looky_lou · 05-17-2012, 01:59 AM

Some perspective on this loss:

JP Morgan Chase was the 4th most profitable US entity in 2011 with profits of around $19 billion.

If this is a $3 billion loss, it is 16% of last years profit.

The U.S. national debt rises at an average of approximately $3.8 billion per day.

Watch your US tax dollars go down the drain here!

Phoenix · 05-17-2012, 02:58 AM

perspective i guess. The size of the loss is what is shocking, i was going to point out, they can make it back next quarter, by increasing service fees...lol

Houdini · 05-17-2012, 08:41 AM

Quote:

Originally Posted by slavdogg

who was on the other end of this bet is whats going to be interesting to find out.

They were on the other side. It's a hedge on one of their own trades.

L-Pink · 05-17-2012, 08:43 AM

Quote:

Originally Posted by Houdini

They were on the other side. It's a hedge on one of their own trades.

I'm lost in this whole hedge fund thing.

.

sleazydoesit · 05-17-2012, 09:47 AM

Fuck Chase! I hate those guys. Terrible customer service.

AsianDivaGirlsWebDude · 05-17-2012, 10:59 AM

The losses could go well higher...

ADG

kristin · 05-17-2012, 11:11 AM

I read an article the other day when the chick resigned that it would be closer to $4 billion lost. Wonderful.

sweetcuties · 05-17-2012, 01:35 PM

Fuck Chase, pos bank

PR_Glen · 05-17-2012, 01:57 PM

Quote:

Originally Posted by BIGTYMER

FBI is investigating. Like they have any clue how complex this shit is.

they have entire divisions dedicated for things like this specifically. I'm pretty sure they can figure it out..

Juicy D. Links · 05-17-2012, 03:19 PM

Quote:

Originally Posted by kristin

I read an article the other day when the chick resigned that it would be closer to $4 billion lost. Wonderful.

Feeling that that figure will be growing and growing as more details are leaked...

05-16-2012, 07:36 PM	#1
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	JP Morgan Chase lost 3 BILLION now... not 2 BILLION.... And I bet this is just the tip of the iceberg Bet ya some crazy shit will be poppin up about em in the coming days / weeks

05-16-2012, 07:47 PM	#6
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,331	I think some people are going to disappear. __________________ ISeekGirls.com since 2005

05-16-2012, 07:54 PM	#8
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	__________________ Need WebHosting ? Email me for some great deals [email protected]

05-17-2012, 01:11 AM	#9
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,652	They've been caught numerous times cooking the books and fixing the market. Just another day of business for them. Either way it's all a ponzi scheme. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. Last edited by onwebcam; 05-17-2012 at 01:15 AM..

05-17-2012, 01:27 AM	#10
slavdogg Confirmed User Join Date: Jan 2001 Posts: 3,570	who was on the other end of this bet is whats going to be interesting to find out. __________________ Adult Traffic for Sale

05-16-2012, 07:40 PM	#2
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	FBI is investigating. Like they have any clue how complex this shit is.

05-16-2012, 07:42 PM	#3
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,158	Their wager was on Europe. Depends on where that goes.

05-16-2012, 07:50 PM	#7
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Reminds me of Bear Sterns. "Everything is fine" two weeks prior to them closing up shop. Can't wait to hear what other banks are doing the same, because you know JP Morgan isn't the only one doing this. The problem is, most other banks can't take that kind of hit. XLF puts = $

05-17-2012, 01:59 AM	#11
looky_lou Confirmed User Industry Role: Join Date: Mar 2003 Location: Seattle, WA Posts: 1,771	Some perspective on this loss: JP Morgan Chase was the 4th most profitable US entity in 2011 with profits of around $19 billion. If this is a $3 billion loss, it is 16% of last years profit. The U.S. national debt rises at an average of approximately $3.8 billion per day. Watch your US tax dollars go down the drain here! __________________ PUSSY - PUSSY - PUSSY! Wet & Puffy - Wet & Pissy - We Like To Suck Puffy Cash

05-17-2012, 02:58 AM	#12
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	perspective i guess. The size of the loss is what is shocking, i was going to point out, they can make it back next quarter, by increasing service fees...lol __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

05-17-2012, 09:47 AM	#15
sleazydoesit Confirmed User Industry Role: Join Date: May 2011 Location: Seoul, Korea Posts: 343	Fuck Chase! I hate those guys. Terrible customer service.

05-17-2012, 10:59 AM	#16
AsianDivaGirlsWebDude Purveyor, Fine Asian Porn Industry Role: Join Date: Jul 2004 Location: San Francisco Bay Area Posts: 38,323	The losses could go well higher... ADG __________________ Asian Diva Girls - Exclusive Photos and Videos Asian Diva Girls Affiliate Program (50% ccBill Revshare)

05-17-2012, 11:11 AM	#17
kristin GOO! Industry Role: Join Date: Sep 2002 Location: Back Home : ) Posts: 9,768	I read an article the other day when the chick resigned that it would be closer to $4 billion lost. Wonderful. __________________ Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has."

05-17-2012, 01:35 PM	#18
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	Fuck Chase, pos bank __________________