Denver's public schools are in financial trouble thanks to complex derivatives JPMorgan (JPM)...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor
Denver's public schools are in financial trouble thanks to complex derivatives JPMorgan (JPM) sold the school district right before the financial crisis, NYT reports. Denver essentially made the same choice some homeowners made: opting for a variable-rate instrument that offered lower monthly payments with the risk that they could rise, instead of a conventional, fixed-rate instrument.