When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned.  But the truth is that this is just the beginning.  This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market

Economic Collapse Blog article

Another analysis of the JP Morgan affair comes from Teri Buhl

Fallout from JP Morgan trading losses, which led to rater Fitch downgrading their debt yesterday, aren’t the only financial worries the banking behemoth is facing

SEC Tells JP Morgan Enforcement Action Coming over Bear’s Mortgage Backed Securities Violations