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.