At JPMorgan, the Ghost of Dinner Parties Past

The $2 billion trading loss disclosed last week by JPMorgan Chase shows how the tables have turned on the bank and its chief executive, an industry point man against tighter regulation.

What goes around comes around. Sometimes it happens sooner than you’d think.

That round wheel turned on JPMorgan Chase last week, which disclosed that it had suffered a $2 billion trading loss in credit derivatives. That such a hit had befallen the ... Full Story »

Posted by Fabrice Florin - via New York Times (Most Emailed), Real Clear Politics
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Posted by: Posted by Fabrice Florin - May 13, 2012 - 7:32 AM PDT
Content Type: Article
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Fabrice Florin
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by Fabrice Florin - May. 13, 2012
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loraluo2012
by loraluo2012 - May. 17, 2012

yes

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  • JPMorgan Chase Fought Rule on Risky Trading

    JPMorgan Chase fought for the ability for banks to make big bets in their portfolios, including some of the types of trading that led to the $2 billion loss now rocking the bank.
    Posted by Fabrice Florin
  • 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 ...
    Posted by Fabrice Florin