Tag Archive for Bet

Jamie Dimon Welcomes You to the Next Financial Crisis | Marketplace.org

While lawmakers were ostensibly asking Dimon how to prevent the next, distant financial crisis, he was openly telling them that JP Morgan had predicted, to the tune of $100 billion, that we’re hurtling towards one this year. In his least-challenged, least-questioned statement, Dimon explained the intent and strategy of JP Morgan’s “London Whale” trade –…