nakedempire


The American Empire in a Changing World



Pages

Monday, May 14, 2012

''Jamie Dimon's SNAFU: JPMorgan's Other Derivatives' Losses''

From HuffPo
By Janet Tavakoli

"In an August 2010 commentary about JPMorgan's losses in coal trades I wrote: "The commodities division isn't the only area in which JPMorgan is vulnerable. Credit derivatives, interest rate derivatives, and currency trading are vulnerable to leveraged hidden bets. Ambitious managers strive to pump speculative earnings from zero to hero."

read more 

No comments:

Post a Comment