JPMorgan Loses $2 Billion
May 14, 2012 | ISSUE 48•20
JPMorgan Chase CEO Jamie Dimon informed investors that a series of risky positions in synthetic credit securities had resulted in a $2 billion loss for the company. What do you think?
I like that crazy, freewheeling, shoot-from-the-hip style. I think I’ll get one of their debit cards.
Keri Burns Systems Analyst
And just when I was falling in love with our nation’s commercial financial institutions again.
Alex Hardesty Gas Leak Inspector
Double or nothing, Jamie! Otherwise, you’d better slink off to equities with all the other p#@sies.
Richard Danziger Hedge Fund Manager