Tuesday, June 5, 2012
JP Morgan lost $2Billion on bad trades; US loses $4 billion A Day!
How about corporate losses on FB viewing by employee while working?
The article says that the public sector is overhyping the JP Morgan $2 billion loss on trading. Yet that is small percentage of its $250 billion, JP Morgan makes money; the US govt loses $4 billion a day on massive debt of $l5 trillion. ( deficit of $l.3 trillion!!?) Does the media, the public make a fuzz out of that?.
How about the estimated $3.408 billion that the US corporate world losses from FB usage by employees during working hours?
Why am I posting this? What is the relevance of this post to business entrepreneurship in the PHIL? (We have students working at JP Morgan at this term? Right?)
US budget deficit
The JPMorgan Incident, in Real Talk
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