Losses losses everywhere in the US.

            
                            Financial harakiri

There are disturbing news in the US financial markets.  JP Morgan lost $2 billion on bad derivative trade.  The CEO, Jamie Dimon was chastened.

     
                      Chase CEO Jamie Dimon being chas(ten)ed?


Compare that with US government:  at a deficit of $1,300 billion, it is on the average running at a loss of approx $4 billion a day.  Yet is anybody berating Obama, Sec. Geithner, or Fed Chief Bernake?

Why is this happening?

                        


Is this news relevant to Majorem Lending?

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