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At JPMorgan Chase, a Complex Strategy That Backfired
by w1ld at 10:50 am EDT, May 13, 2012

JPMorgan announced that it incurred a $2 billion loss in a complicated trading strategy that involved derivatives, financial instruments that derive their value from the prices of securities and other assets. The bank most likely structured the trade in a way that magnified losses.


Check out the diagram and see how JP Morgan bet against itself twice over.

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