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How Traders Lost $40,600,000,000 in Twenty Years

HOW TRADERS LOST ~ %2440,600,000,000 IN IN TWENTY YEARS - That's like the cost of ALL the B61-12 That's like the cost of 50 BARINGS BANK $1,400,000,000 Nick Leeson's unauthorised specualtive trades helped bankrupt Barings Bank ORANGE COUNTY $1,700,000,000 Orange County went bankrupt after high-risk investments in bonds brought huge losses the cost of Europe's MORGAN STANLEY $9,000,000,000 Made giant losses on the US housing bubble SOCIÉTÉ GÉNÉRALE JPMORGAN CHASE $7,200,000,000 $2,000,000,000 Rogue trader Jérôme Kerviel's unathorised trades embarassed one of France's largest and most-respected banks JPMorgan Chase made massive losses on derivative transactions involving credit default swaps $40.6 Lost UBS $2,200,000,000 BILLION UBS suffered one of the largest losses of any European bank during the subprime mortgage crisis VOTE VOTE OBAMA ROMNEY cost of the 2012 US Presidential ARACRUZ I Election! $2,500,000,000 Subpar forex trades brought the Brazilian pulp makers large losses York K New the AMARNATH ADVISORS $6,500,000,000 JOHN MERIWETHER Collapsed after making colossal losses on natural gas futures $4,600,000,000 Losses on Russian bonds led to the collapse of Meriwether's Long-Term Capital Management hedge fund SUMITOMO CORP $3,500,000,000 Exposed themselves to a big loss on copper trades Wood's That's like the cost of a Large s like 7 times the revenue of Jurassic Park! Collider Hadron This content is provided as an information guide only and does not constitute advice. Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial investment. The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. Please consider the PDS and FSG before making any decision about using our products and services. AFSL 254963. GO MARKETS first choice for forex ...**... building! tallest ...*... twice! warheads! nuclear ...... hat's like buying earnings! That's like E times T That's like 3.5 times the value of Instagram! ....... at CERN! .... e the cost of the 2010 Vancouver Olympics!

How Traders Lost $40,600,000,000 in Twenty Years

shared by ElizabethGrey on Feb 19
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Between them, ten of the biggest trading losses of the last twenty years cost $40.6 billion dollars. It's hard to even visualize money on this scale, so each loss has a comparison: did you know that o...

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