Monday, May 14, 2012

Red Flags Said to Go Unheeded by Chase Bosses - NYTimes.com

Red Flags Said to Go Unheeded by Chase Bosses - NYTimes.com:

"In the years leading up to JPMorgan Chase’s $2 billion trading loss, risk managers and some senior investment bankers raised concerns that the bank was making increasingly large investments involving complex trades that were hard to understand. But even as the size of the bets climbed steadily, these former employees say, their concerns about the dangers were ignored or dismissed."

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