What's a couple billion among friends?

[Dauphin]

I haven't had time to read the article.

JPMorgan lost. Who won the bet?

[DaShi]

I had no idea you were that anarchist. Good for you.

He's a dope-fueled libertarian. Anarchists envy him.

[regexcellent]

wrong thread

[Dinner]

Anyone who wants to expand the role of government should be tarred, feathered, and then hanged by the neck until they are dead.

Anyone who doesn't see that the lack of proper regulations is going to eventually cause another crash needs to be hit by a bus.

[Dinner]

I haven't had time to read the article.

JPMorgan lost. Who won the bet?

My understanding is it wasn't an actual hedge (as in according to accounting rules it wasn't a hedge because to hedge A with B then the two have to move opposite of each other, if A goes up then B goes down) and instead it was an investment into European mortgage debt.

[KrazyHorse]

BTW what JPMC has been calling "hedges" appear to not actually qualify as hedges under normal accounting rules; they were just regular investments in European mortgage debt or so I've been told.

You should probably refrain from commenting on things which you are so far away from understanding.

[KrazyHorse]

My understanding is it wasn't an actual hedge (as in according to accounting rules it wasn't a hedge because to hedge A with B then the two have to move opposite of each other, if A goes up then B goes down) and instead it was an investment into European mortgage debt.

You have absolutely no understanding.

[Dinner]

My understanding is that a hedge is supposed to offset a position so if A goes down B goes up or vise versa. In any event the NBC business desk lady was saying they wouldn't qualify as hedges under the current accounting rules and that instead they would be accounted for simply as separate investments.

[Felch]

Anyone who doesn't see that the lack of proper regulations is going to eventually cause another crash needs to be hit by a bus.

Crashes are a natural part of the business cycle. What ****s us is trying to stop crashes, because that only turns the inevitable crash into an even bigger calamity. Anyone who advocates an expanded role for the government is a counter-revolutionary Tory traitor. They should be killed by a riotous mob of patriots, and their family and friends should be investigated for hidden deviant beliefs.

[giblets]

The counter-revolutionary Tory traitors in Canada had less trouble with the last financial crisis than we did.

[Felch]

They're not traitors. They're not even a part of our revolution. Most of them are the sensible, wait your turn, follow the rules, say please and thank you types. I ****ing hate em.