[Seahawk]

Thank you.

Originally Posted by 59GS

When one has a position in a financial market they are said to be long that position to hedge or protect the downside from that "long" position you seek out some other instrument or play that puts you "short" in proportion to your original "long".
As an example I am a corn farmer I have many acres of corn growing outback. To hedge my "long" position - I own corn - protecting me from lower prices when the corn is ready for harvest and sale I would use the commodity futures market to sell some corn futures. Now I have created a "short" corn position to hedge or protect my original"long" position. So, simplistically, if "long" you hedge by getting an offetting "short" position; if short you hedge by getting an offsetting "long" position.

What JPM did was have a very long position and THEN they INCREASED the risk by getting even longer so sure were they that they were right. IDIOTS gambling with OPM because they don't believe a downside exists for them. The next bailout from the left teat is there for the asking if they "ef" up.

It is a shame this schyte is so complex that it exceeds most peoples ability to grasp and therefore discuss but trust me when I tell you this stuff has to stop this is 100 times more threatening to the average taxpaying citizen than who gets elected in November. Oh BTW way the number is now estimated to be 4 billion and the meter is still clicking upward!