JPM’s Billions: Can’t Win For Losing

Wall Street speculators are reviled for supposedly profiting on othersí economic hardships. (Here is how speculation actually works). Oil prices go up, itís speculatorsí fault, and we need more controls. So youíd think if speculators were to wind up losing massive amounts on a market turn, the anti-market critics would feel that justice is finally being served. JP Morganís recent …