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View Diary: Breaking: Jamie Dimon is in a Metric F$#k-Ton of Trouble UPDATED x5 (389 comments)

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  •  Morgan "hid" losses of some $400 million (3+ / 0-)
    Recommended by:
    OldDragon, cotterperson, ericlewis0
    For five days in March 2012, a “shadow” spreadsheet produced by a junior trader showed that the credit portfolio’s $161 million in credit losses would have totaled $593 million in losses if the midpoints had been used.
    http://blogs.wsj.com/...

    And the losses are a mere opinion of accountants.  Seriously, some reality should be in order here.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Thu Mar 14, 2013 at 04:45:28 PM PDT

    [ Parent ]

    •  yeah (1+ / 0-)
      Recommended by:
      shaharazade

      like believing that Elizabeth Warren will be allowed to do anything more than scold these crooks. She can't send them to jail.

      I'm over the damned theater.  Seriously over it.

      It is time to #Occupy Media.

      by lunachickie on Thu Mar 14, 2013 at 05:51:04 PM PDT

      [ Parent ]

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