Rogue Traders now JP Morgan
The world financial market where already under pressure from the Euro crisis, untill yesterday late night when the new broke out JPMorgan has trading loss of at least $2 bln, reputation hit . The CIO unit is where Bruno Iksil was making $200 billion-sized
i think instead of blaming the rouge traders the persons who hired them should be put in jail. we live in a age where experience is thrown away in favor of educated youth. all those traders were too young to have experienced enough market conditions to have a grounding of what can go wrong. it’s really the employers stupidity not the traders. ~mark
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!