J.P. Morgan

[merlin50]

I am stuck for words

http://www.telegraph.co.uk/finance/...n-2bn-loss-Boss-of-London-Whale-paid-14m.html

 

[skyboy]

They made a record 19billion profit in 2011 so this 2billion loss by someone is no big shakes. Yes it does seem odd that someone losing 2billion can still earn 14million as a salary but its the gambling casino that is called the world of finance to give the basically poker players some aura of professionalism.

 

[enyam]

They made a record 19billion profit in 2011 so this 2billion loss by someone is no big shakes.

Are you in banking to come out with a statement like that.

 

[subman101]

They made a record 19billion profit in 2011 so this 2billion loss by someone is no big shakes.

Are you in banking to come out with a statement like that.

Exactly - 500 losses like that takes it up to a trillion!!

 

[skyboy]

They made a record 19billion profit in 2011 so this 2billion loss by someone is no big shakes.

Are you in banking to come out with a statement like that.

Well assuming they make 19billion a year thats almost 2 billion made every two and a half months. It apparently took them 6 weeks to lose this money so in a couple of months time they will have almost recouped it.

Yes there will be some very ****ed - broke - suicidal investors out there but the company will balance its books and the bosses will be happy if a little embarrased - but not much.

They are the only industry whose terms are spelled out quite clearly - The value of your investments may go up or down..


Wish we could sell everything like that.. your car may or may not work..

 

[skyboy]

They made a record 19billion profit in 2011 so this 2billion loss by someone is no big shakes.

Are you in banking to come out with a statement like that.

Exactly - 500 losses like that takes it up to a trillion!!

That would require similar losses by the company 10 times a week and events like this only happen every couple of years or so..

 

[subman101]

They made a record 19billion profit in 2011 so this 2billion loss by someone is no big shakes.

Are you in banking to come out with a statement like that.

Exactly - 500 losses like that takes it up to a trillion!!

That would require similar losses by the company 10 times a week and events like this only happen every couple of years or so..

Thank you for clarifying what I already knew
I was exemplifying the enormity of the loss in comparison to the UK's possible debt! 2 billion is a sizeable amount and not to be glossed over, and definitely not to be rewarded by a multimillion salary!