Friday, September 20, 2013

JP Morgan Losses Now Total $6.9 Billion From London Whale Debacle!

 Hey, easy come, easy go.  Just when the "House of Morgan "  thought it's  $6 billion trading loss was behind them, they just got socked  with a $900 million fine/penalty from regulatory authorities. Ouch!  Need a lot of ATM and overdraft   fees to make up for that. But some how they  will  persevere and continue to " print  money", despite being  in almost every regulators'  dog house.
  Here we go   round the Mulberry bush, the Mulberry bush...

  Steve Goldman reporting.

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