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(The Atlantic)   FYI: JP Morgan's $2 billion loss is now $3 billion   (theatlantic.com) divider line 102
    More: Followup, FYI, JPMorgan Chase & Co., Jamie Dimon  
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6373 clicks; posted to Main » on 17 May 2012 at 11:09 AM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-17 08:11:25 PM  

tgregory: JP Morgan made over $17 BILLION dollars last year.

People know that JP Morgan farked up a deal. Confidence in the company is rattled. JP Morgan is in the business of making money, not scaring people away from investing with them. By this happening people are going to use other institutions. That's less business for JP Morgan. Hopefully they bounce back on their own with a more improved strategy to win back consumer confidence.

That's how our economy should work - a free market. People are quick to run to the dummies (government) to "fix" the problem when they themselves run programs into the ground - and they take their money. At least with a company you choose where your money goes. (Unless you voted for the bailouts. Then you're a douche and forced all of us to make bad investments.)


I almost wish the bailouts had never happened so ideologues like you could see what the result would have been.
 
2012-05-18 09:49:55 AM  
I don't understand all the commotion about JP Morgan losing some money.

Over the past 3 years, they made $48.08 Billion in profit. Part of how they make that profit is taking risks. The nature of a risk is that sometimes, it doesn't make a profit.

There isn't any guarantee that everyone who invests money will make money on every investment. The company isn't going broke.

Even this particular sub-group of JP Morgan is still ahead by a couple of billion over the past 3 yeas. They lost some of their profit on this set of investments, and that's all.
 
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