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Here comes the spin: "And just like that, the storied annals of Wall Street can now add "London Whale" to a growing list of infamous traders who have blown themselves up and left their employers with a hefty bill. In the case of JP Morgan (JPM) and its $2 billion blunder, the infraction appears well contained and not threatening. "
Looks like the JPM pr machine is trying to spin this as a "rogue trader" type of thing....
3 comments:
Mike perhaps some info for tonite:
Here comes the spin: "And just like that, the storied annals of Wall Street can now add "London Whale" to a growing list of infamous traders who have blown themselves up and left their employers with a hefty bill. In the case of JP Morgan (JPM) and its $2 billion blunder, the infraction appears well contained and not threatening. "
Looks like the JPM pr machine is trying to spin this as a "rogue trader" type of thing....
http://finance.yahoo.com/blogs/breakout/another-rogue-trader-jp-morgan-2-billion-loss-162431768.html
Resp,
Good luck! Please post vid/link when available.
Great work on Bloomberg, Mike!
I think they will like the fresh ideas you present.
At some time in the future you have to mention MMT on TV.
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