Without becoming too long-winded here. We worry too much about the short term gain?? Who does that remind you of?
JPM? the whole casino? Personally I think JPM has a huge loss; a loss beyond belief.
Article I read yesterday pointed out that there is a restriction on stock buy-back unless certain hoops and thresholds were met concerning the public funds...Dimon nixed the stock buy-back.
Think the threshold was in the region 30 billion before allowed. Not to be overly paranoid but 2 billion loss declared on opaque exposure and nix the buy-back...are you looking at 30 billion in losses?
Spin it any way you like Dimon.