The London Whale Trading Incident

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I don’t fully understand how or what exactly happened to lose JPMC billions…

In: Economics

3 Answers

Anonymous 0 Comments

“The City” is basically gambling. There are a few straightforward investments made, but also a lot of straight gambles on whether a share price will rise or dip, or all kind of other fancy indexes. No kidding, it’s straight up gambling. These guys lost, and whilst chasing their losses there was nobody saying “stop!”

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