JP Morgan is the Latest Example of Why Wall Street Can’t be Trusted

JP Morgan is the Latest Example of Why Wall Street Can’t be Trusted

You’ve probably heard by now that JP Morgan recently lost over $2 Billion through trading of obscure instruments called “synthetic credit derivatives.” What exactly, is a synthetic credit derivative? To me, it appears to be just another smoke-and-mirrors instrument that…

Read MoreJP Morgan is the Latest Example of Why Wall Street Can’t be Trusted