At JPMorgan, the Ghost of Dinner Parties Past

New York Times by Gretchen Morgenson | May. 13, 2012 (News Analysis)

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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Subjects: World, U.S., Politics, Business, Community
Topics: Global Economy, U.S. Economy, Corporate Governance, Finance, Government
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Posted by: Posted by Fabrice Florin - May 13, 2012 - 7:32 AM PDT
Reviewed by: Fabrice Florin (review), loraluo2012 (review)
Content Type: Article
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Related Comments: Global Economy (2)

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Fabrice Florin
3.5
 by Fabrice Florin - May. 13, 2012
Fabrice posted this story.
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loraluo2012
NO RATING
by loraluo2012 - May. 17, 2012

yes

Disclosure: loraluo2012 is involved in this story as a family member (review not included in overall rating). Help
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  • JPMorgan Chase Fought Rule on Risky Trading

    New York Times by Edward Wyatt | May. 13, 2012 (News Report)
    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
    3.9
     See Reviews »

  • JPMorgan Chase’s $2 Billion Loss

    New York Times | May. 13, 2012 (Editorial)
    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
    3.8
     See Reviews »
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