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HomeJP Morgan’s Five P’s and Bernie Madoff
Posted by Larry Doyle on June 27th, 2012 7:59 AM |
Have you ever had an experience while reading something when you stop and think, “They didn’t just say that, did they?” I had just such an experience yesterday while reading a Bloomberg commentary on JP Morgan.
Under the heading of “You cannot make this stuff up,” I virtually gagged when I read of why JP Morgan had chosen not to allocate credit to Chesapeake Energy. Given current issues with Chesapeake, it would appear that JP Morgan’s decision not to engage Chesapeake was prudent. Then why the gag? (more…)
