daytrading may 11 pre-market, page-5

JPMorgan takes $2b hit on failed hedging

Goes on to say...

"The portfolio has proved to be riskier, more volatile and less effective as an economic hedge than we thought," CEO Jamie Dimon told reporters. "There were many errors, sloppiness and bad judgment."



64 says....."I think they need to read Hotcopper to form better judgements"...lol




Read more: http://www.smh.com.au/business/world-business/jpmorgan-takes-2b-hit-on-failed-hedging-20120511-1ygcr.html#ixzz1uVcRiVNE