JPMorgan Chase’s $2 Billion Loss

The lesson of JPMorgan’s stunning $2 billion trading loss is that the banks haven’t learned their lesson, and neither have the politicians.

Jamie Dimon, the chief executive of JPMorgan Chase, can be clear as a bell when he denounces financial reform. But on an emergency conference call with analysts on Thursday to announce the bank’s stunning $2 billion trading loss, his message was frustratingly vague. Full Story »

Posted by Fabrice Florin - via New York Times (Editorials), New York Times (Opinion), New York Times (Most Emailed)

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