| ▲ | kevin_thibedeau 4 hours ago | |
> [JPMorgan Chase & Co.] revealed it is on the hook to deliver more than 5,900 tons of silver it doesn’t have. ... The bank sold contracts for silver it didn’t own, expecting the price would fall. Where was the stress test for that little gamble? | ||
| ▲ | 4 hours ago | parent | next [-] | |
| [deleted] | ||
| ▲ | SilverElfin 4 hours ago | parent | prev [-] | |
It was in the subprime crisis, bailouts, and jail time for corrupt banking executives - turned out they have nothing to be stressed about! | ||