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HomeBloomberg Bombshells re: JP Morgan $2B Loss
Posted by Larry Doyle on May 14th, 2012 7:54 AM |
Bloomberg just reported a couple of bombshells which, when digested, strike right at the integrity and veracity of JP Morgan CEO Jamie Dimon’s comments a month ago.
What did Bloomberg report?
The JPM traders managing the risk within this portfolio were known to execute trades over the course of the last few days of the month. Why is that so interesting and important?
If the firm had such large and unwieldy positions, this end of month trading activity would likely be seen as an indication that JP Morgan was trying to influence the month end pricing valuations of the indices in question. Those pricing valuations would obviously directly correlate with reported profits and losses. (more…)
New Banking Rules Have Not Hurt Jamie Dimon
Posted by Larry Doyle on June 8th, 2011 12:20 PM |
When do you know that somebody is tone deaf?
Those with any measure of ‘sense on cents’ know when an individual is tone deaf. How so?
When said individual racks up compensation in the multiple tens of millions of dollars from an industry that was bailed out by taxpayer funds and then complains about changes in regulatory oversight, you know that individual is tone deaf.
To whom do I refer? Welcome to the world of JP Morgan CEO Jamie Dimon. (more…)
