JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Major Surge in Bad Debt

2 comments

1. Duh. Free money over. Bill now due. Pain ahead. Did anyone expect anything different was going to happen? The lemmings will borrow as much as you let them and all worry about paying it back tomorrow. That’s tomorrow you’s problem after all!

   We are screwed lol.

2. LOL only 3.5 bn? These two companies had a combined revenue of more than 250 bn and profits of 80 bn. Literally the cost of doing business for these big banks.