Godlike Productions - Conspiracy Forum
Users Online Now: 1,561 (Who's On?)Visitors Today: 519,846
Pageviews Today: 730,035Threads Today: 200Posts Today: 3,644
06:14 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

JPMorgan Chase loss only going to get worse -- now is closer to a range of $6 billion to $7 billion

 
Not Anonymous Coward
Offer Upgrade

User ID: 4696606
United States
05/20/2012 09:49 PM
Report Abusive Post
Report Copyright Violation
JPMorgan Chase loss only going to get worse -- now is closer to a range of $6 billion to $7 billion
NEW YORK (CNNMoney) -- One thing seems clear about JPMorgan Chase's $2 billion loss. It's no longer $2 billion. It's likely much higher.
The number being bandied about now is closer to a range of $6 billion to $7 billion, according to several people working on trading desks that specialize in the derivatives JPMorgan Chase (JPM, Fortune 500) used to make its trades and from two sources with knowledge of the bank's positions.

[link to money.cnn.com]