"No man can become rich without himself enriching others"
Andrew Carnegie



Monday, May 14, 2012

Jamie Dimon & Greece: Imperfect Together

JPMorgan Chase Tower
JPMorgan Chase Tower (Photo credit: Kent Wang)
 Here is a sample: “Jamie Dimon’s problem as Chairman and CEO – his dual role raises further questions about JPMorgan’s corporate governance – -is that just two years ago derivatives trades were out of control in his commodities division. JPMorgan’s short coal position was over sized relative to the global coal market. JPMorgan put this position on while the U.S. is at war. It was not a customer trade; the purpose was to make money for JPMorgan. Although coal isn’t a strategic commodity, one should question why the bank was so reckless.”... Continue to read.

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