A couple of thoughts on the debacle with JPMorganChase yesterday. Scheduled on CNBC Squawk Box at 8:00 ET today. -- Chris
1) Not surprised by the size of the loss or source. You cannot be consistently right when you trade derivatives. There are times when the relationships you think exist are badly wrong, with disastrous results. But I wonder how much Dodd-Frank, Volcker Rule contributed to this outcome. Lot of change underway inside JPM.
2) The irony here is that the
No comments:
Post a Comment