JP Morgan: Worth Banking On - Barron's [View article]
Personally I think the only reason JPM is still halfway solvent is because of their acquisition of Bear Stearns. It allowed them to close out/wash counterparty claims in the derivative dept that would have started the massive dominoe effect.
JPM's present derivative exposure is still grand enough to bring down our entire system and no one apparently gives a hoot.
JP Morgan: Worth Banking On - Barron's [View article]
JPM's present derivative exposure is still grand enough to bring down our entire system and no one apparently gives a hoot.