JP Morgan's 2.3 billion dollar trading loss has led to a media furor and questions about trust in the financial system but lets put things in perspective. First, the JP Morgan's loss has not put the company in a precarious financial position, much less the entire financial system. Second, JP Morgan immediately disclosed the trades to regulators and the press and was very open in admitting that a) they were to blame and b) that the root cause was poor management. From a transpar...


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