JPMorgan Debacle A Huge Black Eye For Wall Street Risk-Taking
- Friday, May 11, 2012, 22:02
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If the best of breed can lose $2 billion on a single trade, then it raises the specter that the too big to fail banks did not learn their lesson from the 2008 meltdown. And it should strike fear in the heart and soul of every trading desk across the globe that there is no such thing as a 100% safe hedge. It doesn’t exist.
http://www.forbes.com/sites/robertlenzner/2012/05/11/jp-morgan-debacle-a-huge-black-eye-for-wall-street-risk-taking/
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