JPMorgan Loss Grows / Barclays Bank May Face Criminal Charges ...
source: http://www.theyoungturks.com/story/2012/6/28/141951/063/Diary/JPMorgan-Loss-Continues-to-Grow-
-
-
- Gordon_Shumway
- added this
http://www.theyoungturks.com/story/2012/6/28/141951/063/Diary/JPMorga...
Jamie Dimon, CEO of JPMorgan originally put the loss from their "London Whale" fiasco at $2 billion ($3 tops!). While I put the over / under on the actual total loss at $12 billion. A series of reports have been moving Dimon's original estimate northward ever since the story broke. The NYTimes is now saying the loss could reach $9 billion.Meanwhile Barclays' executives have been warned that they may face criminal charges in the UK just days after reaching a $453 million settlement with UK and US regulators relating to charges of interest rate manipulation.
More of my rantings on the subject along with links to stories in the financial press can be found on my TYT blob posting.
http://www.theyoungturks.com/story/2012/6/28/141951/063/Diary/JPMorgan-Loss-Cont...
-
- tags:
- Economy, Wall Street, Banks, Banksters
-
-
Dravenlee77
-
About time someone went after some actual GANGSTERS
- 11 months ago
-
Dravenlee77
-
-
attilatheblond
-
Thanks, Gordon_Shumway. Glad there are some Cassandras around here, dealing with reality.
- 11 months ago
-
attilatheblond
-
-
Gordon_Shumway
-
attilatheblond:
I'm on a mission! Lots more to come :-)
- 11 months ago
-
Gordon_Shumway
-
-
attilatheblond
-
Gordon_Shumway:
In that case, I will follow you and you can alert me to your posts! Looking forward to reading more from you.
- 11 months ago
-
attilatheblond
-
-
figgdimension
-
-
lose your religion and eat a bankster
- 11 months ago
-
figgdimension
-
-
attilatheblond
-
figgdimension:
Figg, maybe we should come up with The Bankster Cookbook: New Home Economics for the Wage Slaves
- 11 months ago
-
attilatheblond
-
-
figgdimension
-
crime pays for banksters.,..Revolt
eat the rich - 11 months ago
-
figgdimension
