What JP Morgan’s Whale Trade, Warren Buffett and Rube Goldberg Tell Us About Risk
- Friday, July 20, 2012, 2:21
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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??
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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