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Meredith Whitney Goes On Bloomberg To Tell The World What We Already Knew

Jun. 19, 2012 9:58 PM ETJPM
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www.bloomberg.com/news/2012-06-19/jpmorg...

Apparently the JPM trading loss wasn't hedging, it was profit-seeking trades that went badly.

*Sarcasm alert* Wow - great analysis there coach! That was only a week after Jamie Dimon said much the same thing publicly.

And duh - hedges don't cause a multi-billion dollar loss. Profit seeking trades do.

I don't know what's more shocking - that she told us that the sky was blue, or that so many article were written about her telling us the sky was blue?

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