tag:blogger.com,1999:blog-4900303239154048192.post650509006136852910..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Romney: JPMorgan Loss – Just the Way America WorksUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-45207206465116953222012-05-20T09:55:06.652-04:002012-05-20T09:55:06.652-04:00$2 billion? I heard it was something like double ...$2 billion? I heard it was something like double that (revised figures). But that was yesterday.Myrtle Blackwoodhttps://www.blogger.com/profile/07427043367624101075noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-42251478219011884122012-05-17T14:55:55.425-04:002012-05-17T14:55:55.425-04:00If finance were a closed system it could be consid...If finance were a closed system it could be considered a zero sum gain -- and JP Morgan's loss a problem for no one but themselves. But finance is not a closed system and bad investments mean a less efficient economy, which in turn means financial losses for everyone. We proved that in 2008. I do not know how to make system failure real enough to financiers who refuse to acknowledge their responsibility for the current recessionary economy and pay themselves well in any case.veteran novicehttps://www.blogger.com/profile/04903327575013209601noreply@blogger.com