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JP Morgan Loss Now 3 Billion - Romney: Their Loss Is Someone Else’s Gain!
05-17-2012, 02:38 PM #1
Jed Member
Posts:206 Threads:40 Joined:Mar 2012
Quote:The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses


Quote:Mitt Romney cautioned that J.P. Morgan’s $2 billion loss shouldn’t inspire a rush for new legislation or regulation in an interview with a conservative blogger Wednesday.

Mr. Romney said the company and regulators should investigate the loss to understand what happened. But he pointed out the loss was borne by the shareholders and owners of J.P. Morgan, not the American taxpayers.

“That’s the way…America works,” Mr. Romney said in a radio interview with Ed Morrissey. “Some people experienced a loss in this case because of a bad decision. By the way, there was someone who made a gain, all right. The $2 billion J.P. Morgan lost someone else gained.” (The J.P. Morgan discussion starts about three minutes into the interview above.)

That feller must have his Morman
head screwed on backwards.
To paint a rosy picture of a 3 billion
loss fer a bank that taxpayers bailed
out is dumber than a box of bricks.
I keep a wonderin' when these figures
are gonna' level off.
Figures don't lie, but liars figure.
05-17-2012, 02:46 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
That's a really bad thing to say during these economic troubles. Shows how he thinks though. I wonder also when these Morgan losses are going to level off. It's clear Romney wants to keep the status quo, 4 more years of the same no matter who is the president. gaah.gif


05-17-2012, 02:51 PM #3
Octo Mother Superior
Posts:40,970 Threads:1,566 Joined:Feb 2011
I suspect it's going to be way more than $3 billion eventually.

Quote:By the way, there was someone who made a gain, all right.

Mittens perhaps? bored.gif
05-17-2012, 03:19 PM #4
Kreeper Griobhtha
Posts:10,993 Threads:756 Joined:Feb 2011
$3 billion now?

damn that greedy ass ron paul...


What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice
05-17-2012, 03:28 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
gaah.gif hedidit.gif chuckle.gif


05-18-2012, 02:27 AM #6
yankees skier
Posts:5,032 Threads:215 Joined:Feb 2011
mormons.gif I bet that would pay for a lot of bikes.




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