Go Back   SZONE.US Forums > Current Events > News > The Heritage Foundation

The Heritage Foundation Since its founding in 1973, The Heritage Foundation has served as a research and educational institute -- a think tank -- whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense

The Heritage Foundation

Infographic: JP Morgan Chase and the Loss in Perspective

Views:183
Reply
Thread Tools Search this Thread Rate Thread
  #1  
Unread 05.17.12, 04:11 PM
@Heritage @Heritage is offline
RSS Bot
 
Join Date: 06.09
Posts: 37,392
Infographic: JP Morgan Chase and the Loss in Perspective

On 05.17.12 11:00 AM posted by James Gattuso


JP Morgan Chase’s $2 billion loss on a hedging strategy doesn’t mean that the bank is in crisis, and it certainly does not mean the government needs to step in. JP Morgan Chase is a $2.3 trillion bank with a net worth of $189 billion. While the bank’s loss represents a clear failure of management, they are accountable to the shareholders.The loss will be covered by the bank’s capital, just as it should be.* Neither the bank nor the financial system was endangered, and no government intervention or additional regulation is needed.





http://blog.heritage.org/2012/05/17/...n-perspective/
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Rate This Thread
Rate This Thread:



All times are GMT -8. The time now is 02:29 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright ©2007 - 20017 SZONE.US All rights reserved