Sharkboy Hits Dock - JPM Takes 'Significant Loss' in Derivatives Book - 'Could Get Worse'

 How Are the Mighty Fallen
“The enormous loss was just the latest evidence that what banks call ‘hedges’ are often risky bets.”

Senator Carl Levin


"From top to bottom of the ladder, greed is aroused without knowing where to find a comfortable foothold. Nothing can calm it, since its goal is far beyond all it can attain. Reality seems valueless by comparison with the dreams of fevered