Oh gosh I'm sooo impressed. But save your stoicism --let's just see you --ONLY you-- handle the material LOSSES.
Private profits --> private LOSSES.
SAY NO TO FAKE CAPITALISM.
Worst part about all of this is the rapid conference call...they say we screwed up we fixed it no client money was touched. I wonder if they even had time to consult with big ben before going public because it was going to be found. Yes 20bil loss gets bailed out by fed reserve. Worse case we have losess of ~200-300bil which will probably hopefully be ok. It did take almost 1/3 of Lehmans balance sheet to go under and even at 300 it would only be around 15% of jpmorgs......