JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties [View article]
'Exposure" does not necessarily mean 'toxic'. Your implication that every derivitive is worthless is absurd. JPM is regulated by several agencies and is constantly audited. Now this does not mean it is a good investment but it does mean the regulatory agencies and auditors probably know far more about JPM's obligations than you or me.
On Dec 14 07:23 AM 1 world currency wrote:
> According to Treasury Department statistics, JPM has a $90,000,000,000,000 > (trillion) gross notional exposure to derivatives. One analyst said > assuming no unusual circumstances, their net exposure is only several > hundred billion. > > We are experiences unusual circumstances, and this issue can not > be ignored. We need immediate transparency regarding all this toxic > paper.
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'Exposure" does not necessarily mean 'toxic'. Your implication that every derivitive is worthless is absurd. JPM is regulated by several agencies and is constantly audited. Now this does not mean it is a good investment but it does mean the regulatory agencies and auditors probably know far more about JPM's obligations than you or me.
Dec 14 21:17 pm
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All Comments by jepittman »JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties [View article]
On Dec 14 07:23 AM 1 world currency wrote:
> According to Treasury Department statistics, JPM has a $90,000,000,000,000
> (trillion) gross notional exposure to derivatives. One analyst said
> assuming no unusual circumstances, their net exposure is only several
> hundred billion.
>
> We are experiences unusual circumstances, and this issue can not
> be ignored. We need immediate transparency regarding all this toxic
> paper.