CNNW CNN Newsroom May 11, 2012
for the nuts and bolts on this fias fiasco, its the impact on the markets and your own investments. alison kosik joins us now. just what was this massive trading bet all about? before it went south? >> reporter: fredricka, what jpmorgan essentially did was made a big game am. they made risky bets and lost. the bets they made were to protect against possible losses on jpmorgans other investments, but clearly they backfired and the bets produced losses of their own. how did this come out...
Source: archive.org