"The real story," says Eddy Elfenbein, "isn't the Greek exit or the JPM hedge debacle, it's that...


"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."

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Comments (2)
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    Our risk taking and "hedgeing" is proprietary until we screw up and need your (taxpayor) money
    17 May 2012, 04:59 PM Reply Like
  • nafar
    , contributor
    Comments (309) | Send Message
     
    if you do not believe what has been said from the horses month then on whom we should believe? Still it is not late if courage is shown by management and inform officially the hard facts with plan how to make up the loss in due course would be appreciated by all.
    17 May 2012, 05:31 PM Reply Like
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