Bloomberg says Blythe Masters is an idiot

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

pmbug

pmbug

Your Host
Administrator
Benefactor
Messages
21,625
Reaction score
9,116
Points
268
Location
Texas
United-States
Sort of...
JPMorgan Said to Transform Treasury to Prop Trading

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon has transformed the bank’s chief investment office in the past five years, increasing the size and risk of its speculative bets, according to five former executives with direct knowledge of the changes.
...
Click to expand...

http://mobile.bloomberg.com/news/20...transform-treasury-to-prop-trading?category=/

They shut down the prop trading unit to comply with the Volcker rule, while shifting prop trading activities to other parts of the bank. If I'm reading the article right, JPM customers are going to get MF Global'd at some point down the road when everything blows up.
 
You must log in or register to reply here.
Back
Top Bottom