05-11-2012, 09:36 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Quote:
Originally Posted by L-Pink
Anyone know what this actually means?
"JPMorgan reported that since the end of March, its Chief Investment Office has had significant mark-to-market losses in its synthetic credit portfolio - these typically include derivatives intended to mimic the performance of securities"
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They bet red and the ball landed on a black number ... 
A hedge investment against their securities and/or loans that is highly leveraged e.g.; derivatives (or financial roulette). |
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