Billion pounds lost by London banker in 6 weeks
A rogue trader who works for JP Morgan bank’s investment team in the City of London has lost a billion pounds.
His casino banking activities lost a billion pounds in six week of wild trading, that involved moving trillions of dollars about.
The final losses may even end up nearer 2 billion pounds once the mess is sorted out.
Casino Banking is alive and well, and living in London.
Casino Banking caused the 2008 world financial crisis, and most people thought that things had improved in London since 2008. But no the madmen are still loose in London with trillions of dollars to play with. These bankers are not gambing with their own money. They are gambling with the savings of ordinary people. This casino banking must stop !!!!!
Last edited by SDP; 12-05-2012 at 12:45 PM.
But if we stop this how can David Cameron continue his project to destroy the British working class and all of British industry?
Originally Posted by SDP
Don't be so f**king stupid. David Cameron is not out to destroy the working class and British industry.
In the scheme of things £2 Billion is nothing to a big bank like JP Morgan, although there is talk that the £2 billion might just be the tip of the iceberg.
According to SDP he is.
I'm not so convinced myself. I have a sneaking suspicion he wants to get re-elected rather than see the tories demolished in the polls but anything is possible I suppose, along with martians invading our planet.
ChrisV
The point is that we thought that all this Casino Banking stuff had been sorted out. Casino Banking actually lost a trillion pounds in Britain alone in 2008. But there has been no public enquiry, in fact the real causes of the 2008 crash have been hushed up by David Cameron and this coalition. This rogue trader disaster shows that nothing has changed. They are still gambling with our savings.
CB100
Yes you are quite correct that David Cameron supports the interests of aliens, over ordinary the British working class voter. David Cameron and his banking friends are a real and present threat to the British economy. David Cameron has done nothing to limit the wild excesses of casino banking. Another 2008 will happen again, if these crazy banking madmen are not controlled. Another 2008 will cost another trillion pounds. This madness cannot go on !!!!!
If you say so.
Oh No!!. You keep going with it.This madness cannot go on !!!!!
CB100
You are talking in riddles, and not making yourself clear.
Let me help you clarify your position. Do you support Casino Banking ?
Allegedly the "London Banker" is French.
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