Aig, Jamie Dimon | featured news

JPMorgan’s debacle, and its parallels to AIG

JP Morgan Chase

Last week, the once-future Treasury secretary and current JPMorgan Chase CEO Jamie Dimon revealed a $2 billion loss. This previously undisclosed derivative trade should be a wake-up call for those claiming that finance has been “reined in” and no longer presents a threat to the global economy.

 

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