Tag Archive for Long Term Capital

The Truth About JP Morgan’s $2 Billion Loss – Washington’s Blog

Reposted from  The Truth About JP Morgan’s $2 Billion Loss – Washington’s Blog, with our thanks. On-site permission posted.  Must-Read Background Before we can understand what’s really going on with JP Morgan’s loss (which will probably end up being a lot more than $2 billion), we need a little background. JP Morgan: Is the world’s largest publicly-traded company…

JPMorgan’s New CIO Tied to Madoff, U.S. Treasury, LTCM – TheStreet

Matt Zames, the executive tapped to take over management of JPMorgan Chase(JPM_)’s chief investment office (CIO), has a controversial resume… Zames allegedly told a colleague about suspicions regarding Bernie Madoff some 18 months before his Ponzi scheme was revealed to the public. He also worked at Long Term Capital Management, the now-infamous hedge fund comprised…

JPM Appoints Former LTCM Trader And Chairman Of TBAC As Replacement | ZeroHedge

Now… Matt Zames… Matt Zames… where have we heard that name before… OH YES: he just happens to be the Chairman of the Treasury Borrowing Advisory Committee, aka the TBAC, aka the Superommittee that Really Runs America. The Matt Zames who… “previously worked at hedge fund Long-Term Capital Management LP, may have benefited as the…