15 thoughts on “JPMorgan scandal like Enron

  1. They need to be taken down in size and scope. Banks taking FDIC insurance should not be allowed to engage in risky trading.

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  5. JPMorgan shares plunge over debt

    UNITED STATES: There was fresh evidence of the continuing crisis of capitalism today when transnational finance giant JP Morgan’s shares plunged on reports that it has grossly underestimated the scale of its gambling losses.

    The bank said in May that bad deals had left it with a $2 billion (£1.3bn) hole in its finances.

    But the New York Times reported that the real figure could be closer to a crisis-scale $9 billion (£5.8bn).


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