Page 2 - Momentum Trade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What do you make of this situation with jamie dimon and chase, $2 billion in losses? we talk about whether banks have quote/unquote learned their lessons here. doesn t this hold every stereotype that these guys want to play fast and loose no matter what? it may well. i don t know the details of the trade. we are in the midst of pitch battle right now in washington to figure out what dined of reregulation we can do. people talk about principles. unregulated markets always crashed. always produce masses losses on risky bets. if this was something that wasn t a legitimate hedge, it was more like a momentum trade, this is the kind of thing that can happen. we need rules in place to ensure that everyone understands what the rules are. i personally don t think you should be able to hedge a position you don t have. i don t think if you want to place a bet, we have places for that. they are called casinos. ....

Jamie Dimon , Banks Have Quote Unquote , 2 Billion , Doesn T , Fire Regulation , Pitch Battle , It Wasn T , Momentum Trade ,