JPMorgan and the $2 Billion Bet
University of Missouri-Kansas City professor, author and former financial regulator William Black explains what’s wacky about JPMorgan Chase’s version of events that led to the firm's $2 billion loss in the derivatives market last week.
University of Missouri-Kansas City professor, author and former financial regulator William Black explains what’s wacky about JPMorgan Chase’s version of events that led to the firm’s $2 billion loss in the derivatives market last week. –ARK
“Democracy Now!:”
Your support matters…
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Related stories
Brexit could trigger a $500 trillion derivatives meltdown by forcing the European Union to allow insolvent member governments and banks to write down debt. But there's an alternative.
While the mainstream media focus on Islamic State extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the United States.
“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted)
American austerity is finally having one of its deep, pernicious effects in the service of runaway capitalists -- preventing government regulators from regulating due to inadequate funds.
The first of a planned three-part series on the dangers of private banking highlights government documents describing plans to confiscate the deposits of individuals as well as cities, universities, counties and pension funds when another banking crash occurs.
Brexit could trigger a $500 trillion derivatives meltdown by forcing the European Union to allow insolvent member governments and banks to write down debt. But there's an alternative.
While the mainstream media focus on Islamic State extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the United States.
“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted)
American austerity is finally having one of its deep, pernicious effects in the service of runaway capitalists -- preventing government regulators from regulating due to inadequate funds.
The first of a planned three-part series on the dangers of private banking highlights government documents describing plans to confiscate the deposits of individuals as well as cities, universities, counties and pension funds when another banking crash occurs.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.