10 biggest trading losses in history

POSTED: 06:22 AM PDT Jul 13, 2012    UPDATED: 02:20 PM PDT Jul 13, 2012 

As JPMorgan picks up the pieces in the wake of a $5.8 billion trading loss, check out the 10 biggest trading losses in history.

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9. $1.7 Billion: Orange County, Calif.- The famous southern California county was forced into Chapter 9 bankruptcy in 1994 after Orange County Treasurer Robert Citron bet $14 billion on interest-sensitive derivatives contracts, which collapsed when federal interest rates increased.


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