It's a zero-sum game, right?
I'm having a little trouble with this research. Anyone out there have an idea? I'm listening to the ongoing saga of JP Morgan Chase losing $2 billion through bad hedging in their trading portfolio. All the reporters and opinion-makers seem aghast at this loss, but none of them are mentioning (and I can't find myself) who it was on the other side of those trades who made $2 billion. Anyone?