‘Who is really being bailed out here? Aren’t we paying for JP Morgan’s “winnings?”‘
If they speculate and lose, who pays for that? We do.
What is a bank doing gambling in unregulated over-the-counter derivatives involving commodities & financial instruments worth $89 Trillion?
Excellent article! Read here … http://jessescrossroadscafe.blogspot.com/2009/03/jp-morgan-made-5-billion-in-profit-on.html
QUESTION: Isn’t this similar to what Martha Stewart did? And, didn’t she go to jail. Same greedy story!