Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (654938)	5/15/2012 4:34:47 PM
From: joseffy	2 Recommendations Read Replies (1) of 1585103

Obama’s Gamble on GM Worse than JPM’s Trading Flub Obama’s Gamble on GM Worse than JPM’s Trading Flub By: Mark Modica 05/15/2012 - 12:18 When JPM Chase reported that it had lost $2 billion recently on risky derivative trades, the predictable call came from the Obama Administration to increase regulation on banks. The hypocrisy of the politically motivated proclamations becomes evident when you compare the JPM trades to Treasury's continued gamble on its taxpayer funded stake in General Motors, which has suffered an approximate $5 billion loss in value over the past year.

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