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Yup, $2bn was an obvious low ball for even the depth of the loss itself, without compounding the ganging up on top. ZH estimated $5bn the day that JPM announced

• alttab 14y ago
  I read a lot of the same material, but its worth noting to those who aren't familiar with zerohedge that it is the biggest chicken-little as far as the global financial narrative goes. Its partially "ahead of the curve" with respect to mainstream media, but often uses conjecture or hyperbole which makes it hard to separate fact from opinion.
  • betterth 14y ago
    Oh yes, you should take everything from ZH with a grain of salt. All of there posts are either eerily accurate financial predictions or ridiculous, conspiracy theory laden nonsense. (I think, they'd prefer to the call the latter 'prediction that haven't come to pass yet').
    • alttab 14y ago
      Sometimes I wish they didn't trade legitimacy for page views so I could send their links to others without people thinking I'm incapable of critical thought.