JP Morgan just announced a $2B trading loss with more certainly to come as they unwind their positions. Given how big this loss was the size of their position must be tremendous. Blood on the Street.
http://online.wsj.com/article/SB10001424052702304070304577396511420792008.html
Who in the world approved this? Actually a quick Google search yields an answer:
http://money.cnn.com/galleries/2011/fortune/1109/gallery.highest_paid_women.fortune/8.html
And more importantly why in the world are too big to fail banks still prop trading?!?
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