This article is part of the news coverage of JP Morgan Chase one of the largest banks in the United States that reported earlier in the week that it had made a $2,000,000,000 mistake. That is a really big mistake!!! After reading the article, give a 5 sentence summary or offer a response to the following question.
Have you ever made a 'billion' dollar mistake? How would you feel if you were one of the employees of the bank responsible for the mistake?
This situation made big crisis in the USA. JP Morgan had made a $2,000,000,000 mistake. According to article, USA government will search how the company made this mistake and who did it. Obama said that USA doesn't want to make this fault again.
ReplyDeleteI have not ever made a billion dollar mistake. If I have to take responsibility for the big mistake. Maybe I will almost die, this situation is super terrible. because it is too big money. So I don't have a option. I will go bankrupt. and I have to go other country to avoid angry people.
ReplyDeleteI have never made a 'billion' dollar mistake and i hope that i will never do it. I do not how feel the person who did this mistake but if one of my employees did a mistake as that first i think that he need to have the responsibility of show why he did that mistake and after than i will try to solving the mistake but if it is not enough, i will denounce him or her for this mistake.
ReplyDeleteSteven Monsalve
No i haven't and i hope i never make such a big mistake in my life..
ReplyDeleteI would probably feel totally in panic and seriously bad.. i'm quite sure i will be in troubles and i will never be hired in a bank again. So it would be a mistake i will carry for a long time
Mercedes Mariella
This article is talking about roughly $2 billion trading loss of JPMorgan Chase Company.
ReplyDeleteThe justice of department starts the investigation of the loss. The loss resulted from self-inflicted mistakes because the transactions were reviewed, executed, monitored poorly. In spite of the loss, Dimon was not stripped of his title because of his last achievement. About this loss, Obama said the strong regulations are needed to prevent these companies from bringing about this kind of loss.
Gunhee Song
In particular I do not like to be the person who made this big mistake.I do not like to know how hi is feeling about it. I feel sorry for the person who make this mistake. I had made mistake in my life, and also I still making mistake, but not something like lost a million dollar. I hope that never I will lose a million dollar.Jennifer
ReplyDeleteI have never ever make a billion dollar miske in my life and I have ever seen billion dollar. if I were make a mistake, maybe my life is different from now. and If I were one of the employees of the bank responsible for the mistake, I could be so serious and really worry about it. because if I have to be reposible this problem, I can do that. but I really lose my mind. people think I am real kind of criminal. I can not live for a longtime. it is not a smll mistake.
ReplyDeleteNope! I have never ever made a 'billion' dollar mistake. I will be really scared and thinking about what would happen with the bank because 2 billion dollars is a huge number. Actually I don't think it was a mistake. I would hope go through the investigation, we can find out what the problem was.
ReplyDeleteJiaYan (ChiaYen)
I don't know what to say, if I am the person who made a big mistake that $2 billion was lossing. On the other hand, I do think I will have chance to earn a billion dollar. So, that might be good for me because I never need to worry about that. Money is good, but it is't your everything. Randy
ReplyDeleteI Have not made a mistake like this. I know that there are a lot of responsabilities when working in a bank. Mistakes are part of our life but one of these could be catastrofic. However If I were to work in the bank i would work to fix that mistake. As humans no one is exempt to making a mistake.
ReplyDeleteChristian Martinez