Category: JP Morgan

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Jamie Dimon goes to Congress #Winning

Oh snap. Oh no he didn’t. The number of tweets on this made Paul Kedrosky* almost long for some Facebook IPO scandal*. So what went down? The news items: Link: Dimon fires back at “complex” system. Link: Dimon says fiscal cliff may be reached before year-end. Jamie’s key points: The hedge “morphed in somethat that […]

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JP Morgan Trading Losses: Dimon Speaks About The Whale

Article of the day link: Well obviously. He was hardly going to tell Congress that the trading loss was entirely expected and hum-drum. Except that it is. Because losses, when you play in markets, well they happen. And calling a loss an “aberration” is much like calling a loss a “loss”. I mean – if […]

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