"The real story," says Eddy Elfenbein, "isn't the Greek exit or the JPM hedge debacle, it's that they're connected." Jamie Dimon has consistently played down the bank's exposure to Europe, claiming the large gross figures don't include hedging, which the bank does a lot of. "That (used) to put investors at ease," writes David Reilly, "Not so much today."
"The real story," says Eddy Elfenbein, "isn't the Greek exit or the JPM hedge debacle, it's that...
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