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Now up to 7 Billion Dollars – JPMorgan Chase loss only going to get worse

by Maureen Farrell, Money.CNN.com:

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 used to make its trades and from two sources with knowledge of the bank’s positions.

JPMorgan Chase declined to comment on its trading activities.

Read More @ Money.CNN.com

7 comments to Now up to 7 Billion Dollars – JPMorgan Chase loss only going to get worse

  • anthony

    Good!! I hope they fcvking burn in hell. Then PMs will skyrocket. I hope they go bankrupt and that Jaime Diamond and David Rockefeller both get heart attacks and die.

  • NjoElectric

    Hoping the next loss will be 9 billion…and going up :-)

  • Paul Prichard (Paper Bear)

    Could it be that JP Morgan is going down ?
    Th JP Morgan website says ‘Our aim is to be the world’s most trusted and respected financial services institution’.
    They have got to be kidding ?
    I don’t trust them at all and I don’t respect them at all.

  • Steve_D

    They spelt Trillion wrong in that headline.

  • Anon Patriot

    First 2 Billion, then 5 Billion, and now 7 Billion. Soon to be 9 Billion? Then what? 11 Billion, 15 Billion, 20 Billion? It looks like JP Morgan is going for ANOTHER BAILOUT !!! Yep, to add pure INSULT TO [2008 No-Banker-Left-Behind-BAILOUT] INJURY!

  • Anon Patriot

    Ron Paul Money Bomb Update: Total Donated Thus Far: $830,000.00 – since Thursday, May 17th. There is still time, to contribute to Ron Paul’s Campaign to Restore America Now.
    _______________

    Ron Paul Liberty Quote:

    “America was founded by men who understood that the threat of domestic tyranny is as great as any threat from abroad. If we want to be worthy of their legacy, we must resist the rush toward ever-increasing state control of our society. Otherwise, our own government will become a greater threat to our freedoms than any foreign terrorist.”
    —Ron Paul
    ___________________________

    Ok, everybody – IF you did NOTHING to support Ron Paul, in his Campaign for President, in 2012 – YOU MAY EFFECTIVELY THANK YOURSELVES FOR ANOTHER 4 YEARS!, OF THE INCREASINGLY CORRUPT STATUS QUO, ENDLESS ‘MONEY’-PRINTING [THEFT VIA INFLATION], ENDLESS WARS, AND ATTENDANT LOSS OF LIBERTY – NOT TO MENTION – FOUR MORE YEARS! OF OBAMNEY! I’ve already donated $300.00 – $100.00 on President’s Day – Feb. 20th, $100.00, on Tax Day – April 15th – & $100.00 on May 20th. So, if you’ve done more than that, by volunteering, or donating FIAT CURRENCY – THANK YOU! IF you haven’t – then, RE-READ THE ABOVE. I will be making another donation [of $177.60?] on JULY 4TH, 2012.

    Ron Paul May 17th MONEY BOMB! (Click below to contribute)
    https://secure.ronpaul2012.com/

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