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
May 21, 2012 12:00PM
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
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 trust or belief in their statements.
May 21, 2012 5:45PM
They wrote off the $2 billion AMC loss. Bailed out private money. What a snow job.
May 21, 2012 12:09PM
"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
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. 
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