It's open season on the trading positions at JPMorgan's (JPM) Chief Investment Office, and the...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

It's open season on the trading positions at JPMorgan's (JPM) Chief Investment Office, and the $2B loss disclosed 4 days ago has grown to $3B, according to sources. Markets will fluctuate and today's loss could be tomorrow's gain, but this is a bank - holding government-insured deposits and with access to near-free capital from the Fed - not a hedge fund.