JP Morgan Chase lost 3 BILLION now... not 2 BILLION....
 

And I bet this is just the tip of the iceberg :helpme:helpme:helpme

Bet ya some crazy shit will be poppin up about em in the coming days / weeks :2 cents:

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

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

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

They should have just put it all on "Black " :1orglaugh:1orglaugh

I think some people are going to disappear.

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 = $

:thumbsup:thumbsup:thumbsup

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.

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

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!

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

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.

.

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

http://cdn.newslook.com/ed/ed83a86f1...frame_0008.jpg

The losses could go well higher... :disgust

http://cmsimg.floridatoday.com/apps/...d-over-2B-loss

ADG

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

Fuck Chase, pos bank

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

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