Barack Obama has commented on JPMorgan's $2 bn trading loss and has suggested need for Wall Street reform.
He further added that even if you're smart, you can make mistakes and since these banks are insured, backed up by taxpayers, we don't want you taking risks where eventually we might end up having to bail you out again, because we've done that, been there, didn't like it.
So the whole moral of the story is that none is immune in the world from losses including Warren Buffet, Mukesh Ambani and Rakesh Jhunjhunwala. We will be updating this post with reference to losses from all these big icons.
Meanwhile you can check our Lost Money Recovery Plan to help you get out of the financial losses in a systematic manner and you are back on the road with in less than 6 months.