Ask an expert: Was JPMorgan's loss preventable?

MSN Money's Charley Blaine answers Facebook users' questions about the bank's big trading blunder.

By MSN Money Partner May 21, 2012 11:07AM

Will JPMorgan Chase's (JPM) whopping trading loss affect the financial industry? In this video, MSN Money columnist Charley Blaine explains how regulating the industry has become very complex.

As he answers questions from MSN Money's Facebook community, Blaine also comments about JPM stock.



Tags: JPM
7Comments
May 21, 2012 12:00PM
avatar
Wall Street even screwed one of there own. Those day traders don't even have a bottom. They owe Mark Zuckengerg billions that they put in their pockets and left him holding his a/hole. No question, there should be a Federal Investigation for what they did to this IPO from start to finish. Don't hold your breath. Where Were The Money Experts When This Was Going On, Don't Kid Yourself, They Were Making Money From Investors Or Just Playing Stupid.    My Advice To Anyone That Is Not Directly  Connected To The Good Old Boys Club That Runs Wall Street And You & Me, To Stay Out. Take your hard earned money to the local casino or play the state run lotteries, how  is that for screwing the general public, "State Lottery". 401k's are even worse, just ask them to show you a millionaire that made it on a 401k, it's all bull and crap. Banks and Money Advisers Make 401k Money ,You Get To Make Them Rich. Pull any money you have invested in stock or 401k's and get out b4 they take all!  Anyone that wants to invest your money, tell them to kiss your a/hole. Do Your Own Investing!  Money Experts Want Your Money.  Keep Away.  
May 21, 2012 12:01PM
avatar
There's no doubt...JPM lost money....however I'd be VERY SUSPICIOUS about the dollar amount. It's probably more like 10 times amount stated.....and even more important...the money was probably not lost where they said it was....with a London Trader called 'the Whale"...come on, money got shuffled to offset some other loss they couldn't wouldn't disclose to the public. Easy to post loss of money, difficult to tell the truth how it was lost or the exact amount. That's my concern with JPM...no trust or belief in their statements.
May 21, 2012 5:45PM
avatar
They wrote off the $2 billion AMC loss. Bailed out private money. What a snow job.
May 21, 2012 12:09PM
avatar
"Vote For Me And I Will Set You Free". " Let Me Invest Your Money".  We have seem it all before, money sucking pigs that strip you of everything you have and tell you a BS story of how you lost it, all the time it's in their bank accounts. Live Your Life, Invest It Yourself.  Don't Give A Money Sucking Pig A Penny Of Your Money! They Will Suck You Dry!    Experts Don't Know Shi..... Stay Away!
May 21, 2012 3:51PM
May 21, 2012 4:53PM
avatar
Government should keep out of this JPMorgan has enough liquidity to get by. First thing we hear is more regulation by Government fools most,who have no idea how to run a shoe store without fraud and debt. 
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

114
114 rated 1
278
278 rated 2
474
474 rated 3
641
641 rated 4
639
639 rated 5
663
663 rated 6
640
640 rated 7
499
499 rated 8
284
284 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
COPCONOCOPHILLIPS9
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
KOGKODIAK OIL & GAS Corp9
CVXCHEVRON CORPORATION8
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.