Dimon was quoted as having said that just because his bank had been stupid, it didn't mean that all the other banks would be equally stupid. But, see... it sort of does, right? That's why the sort of... (Continue reading)
Oh, good Lord. We're still doing this sort of thing, huh? Some guy at JPMorgan Chase in London was gambling with credit default swaps, no one was watching, and next thing you know the bank was down $2... (Continue reading)