Apparently prop trading accounted for only $14B of losses out of a total $365B suffered during...


Apparently prop trading accounted for only $14B of losses out of a total $365B suffered during the credit crunch, according to research from analyst firm Tricumen. If that number-crunching is correct, that means Volcker supporters are rallying around a rule that addresses only 3.8% of the losses.

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  • winningtrader
    , contributor
    Comments (2459) | Send Message
     
    This is nonsense. It is just like the latest J.P. Morgan loss. It was a ''hedge''. The banks can call their losses whatever they want but in fact their accounting is suspect and the name they assign to losses is completely at their discretion. You trust them?
    14 May 2012, 07:42 AM Reply Like
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