What JP Morgan's Whale Trade, Warren Buffett and Rube Goldberg Tell Us About Risk |
| July 20, 2012 | July 2012 Bond Updates |
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How is it possible for JP Morgan (NYSE:JPM), the bank with the best reputation on the Street for having a handle on risk control, to still be guessing about how much damage was done by the over-exuberant trading by the “London Whale”? First it was $2 billion. Then it was $5 billion. No, hold on, make that seven. Then, “can we get back to you on that?” |
| View more at: http://www.forbes.com/sites/davidleinweber/2012/07/19/what-jp-morgans-whale-trade-warren-buffet-and-rube-goldberg-tell-us-about-risk/ |
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