[Drill Thrawl]

So we're all in a twist when JPM loses 2 Billion on one deal but is still plus 4 Billion for the quarter.

But the MSM dare not mention that the Federal gubment is losing

4 Billion A DAY!

[SeekAndFind]

RE: So we’re all in a twist when JPM loses 2 Billion on one deal but is still plus 4 Billion for the quarter.

Actually there’s news that the REAL loss will exceed $4 Billion.

See here:

http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-the-losses-and-lessons-of-hedgegate/2012/05/14/gIQAo7aOOU_blog.html

“JPMorgan losses are reported to be actually $800 million in Q2 with the potential for legal and other losses up to $4.2 billion over a longer period of time, possibly exceeding one year,”

That of course, is a drop in the bucket for a company whose revenue was close to $90 Billion in 2011 and whose ASSETS total (get this) : $2.2 TRILLION.