JP Morgan $2bn loss, complex #bad simple #good #banks


JP Morgan Chase tower

JP Morgan $2bn loss: Boss of ‘London Whale’ paid $14m – Telegraph.

In another series of transactions that nobody understands, JP Morgan have lost circa $2bn.

Those concerned should have their bonuses taken back and be removed from office.

You can’t really blame the regulator because if the regulator was that clever, he’d be working for JP Morgan.

Common sense, just common sense.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: