Tag: trading losses

How does JP Morgan lose $2 billion in a single trade?

The craziness of one trader at JP Morgan Chase having the power to lose $2 billion is totally blowing my mind. Didn’t we just pass laws that would reign in out-of-control risky betting by banks? This is a bank that we, the American people, insure. If it goes belly-up then we will be expected to pay the bill. That’s more risk than I can take. I suspect that is more risk than the American public can stomach.

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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