What went wrong with finance? The Shadow Banking System. Managing Risks Means Managing Arguments - Justin Fox. By Justin Fox | 9:52 AM May 23, 2012 So it was Lyme disease that did it! The tick-borne illness kept JPMorgan Chase’s Ina Drew out of the office for extended periods in 2010 and 2011. And it was during Drew’s absences, according to a richly detailed account in The New York Times, that the bank’s chief investment office, which she ran, began to get into trouble: The morning conference calls Ms.
Drew had presided over devolved into shouting matches between her deputies in New York and London, the traders said. Whether this really was the main reason for JP Morgan’s $3 billion (and growing) trading loss or not, it does at least sound like it could be true. The words “risk management” usually evokes less subjective, more data-driven pursuits. As far as falsification is concerned, he thought that statements involving stable propensities — such as, ‘The die has a one in six chance of landing on six’ — could be tested by looking at what happens in the long run.
JPMorgan. WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! Counterpunch: Tells the Facts, Names the Names. GlobalResearch.ca - Centre for Research on Globalization.
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