JP Morgan trading losses could go as high as $9 billion. Is your faith in the U.S. banking system still intact?
http://news.yahoo.com/report-jpmorgan-trading-losses-may-reach-9b-105948764--finance.html
4 Answers
No. It goes to show that the biggest banks still pose risks to our financial system, less than 4 years after our financial crisis in fall of 2008. After the Glass-Steagall act of 1935 was overturned in 1999 by Democrats and Republicans, it led to our financial crisis in 2008.
11 years ago. Rating: 4 | |
Banking is a faithless business that pretends to be faithful. It is a lie about lies. Banks issue paper shackles and their vaults are filled with dead men’s bones…..how appealing the ways of dying a pauper…rich in empty promises and the dust of abandoned dreams.
11 years ago. Rating: 4 | |
Well put. I am impressed, robert.
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