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JPMorgan (JPM) didn't have a treasurer in place during the five months when its CIO was making...

JPMorgan (JPM) didn't have a treasurer in place during the five months when its CIO was making its now-notorious trades, and the CIO risk manager appointed in February had little relevant experience and is the brother-in-law of another JPM exec. Sources say the staffing decisions may have made it easier for the trades to backfire.
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  • Storm Warning
    , contributor
    Comments (156) | Send Message
     
    Simply proof that government oversight is necessary to provide adult supervision and keep the greed from wrecking the economy, again.
    18 May 2012, 07:30 AM Reply Like
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