JP Morgan Chase Gambling


Daryl Cagle - MSNBC.com - JP Morgan Chase Gambling COLOR - English - J.P. Morgan Chase,derivatives market,Wall Street,bank,gambling,21,blackjack,casino

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  1. #1 by --Rick on May 16, 2012 - 6:40 AM

    You could change the name on the table to “Any Company Anywhere” and still be accurate. Capitalism is always a blend of risk vs. reward and every company makes mistakes. JP Morgan lost a bit over 2 billion on one bet, but made a minimum of 6 billion on others this month alone.

    This is a tragic snapshot of one event, but it does not represent the entire picture. If I take a photograph of a man in a dress at a costume ball, would it be fair to characterize him as a cross-dresser for the rest of his life?

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