Stop talking about JP Morgan's trade loss

Why the hell is this news?

They are a private company trading with their funds and they made a bad bet. The investment was made by one of their most successful traders and it didnt pan out. This kind of stuff happens.

I'm so sick of hearing congressmen on the news saying "See look we need more regulations on the banking industry!" These funds have no tie to the FDIC deposits.

Hey jackass how about you focus on all the scum bags that work in the federal government that are stealing our money and quit loaning billions of dollars to unsustainable sustainable energy companies?

just grinds my gears. [Rant1]

The discussion about JP Morgan is the mass media's way of using a "slight of hand" technique much like a pickpocket.

The more you focus on things like the corporate world (i.e. greedy capitalists) failing, the less inclined you'll be to focusing on the government (i.e. current administration) not only failing to improve things but actually increasing the problems this country is facing.

You are right theGinsue. I have been happily new less for more than two months now. Don't read the paper, don't watch news on TV and don't visit any news websites.

Much healthy...

Cameron

Plus they lost 2-3 billion and are still on track to profit 4 billion this quarter. It's not a huge loss to them

Quote:

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Originally Posted by theGinsue

The discussion about JP Morgan is the mass media's way of using a "slight of hand" technique much like a pickpocket.

The more you focus on things like the corporate world (i.e. greedy capitalists) failing, the less inclined you'll be to focusing on the government (i.e. current administration) not only failing to improve things but actually increasing the problems this country is facing.

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Exactly, pay no attention to the man behind the curtain.