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HomeIs JP Morgan Fronting for the Fed?
Posted by Larry Doyle on April 13th, 2012 9:09 AM |
UPDATE: This commentary written in mid-April 2012 should be read in conjunction with the following:
May 14th Review: Bloomberg Bombshells re: JP Morgan $2B Loss
May 12th review: $2B Loss? What Went Wrong at JP Morgan?
May 11th review: JP Morgan Whale: “Thar She Blows”
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Reports are swirling around Wall Street and the global markets about massive credit bets on the books at JP Morgan.
A JP Morgan trader in London, Bruno Iksil, has been nicknamed ‘the whale’. Iksil reports ultimately to Achilles Macris, JPM’s chief investment officer in Europe and Asia. Bloomberg had an interesting discussion this morning about Iksil, Macris, JPM, and these positions. Let’s watch and learn… (more…)
