How JPMorgan Lost $2 Billion Without Really Trying

Businessweek- May 17, 2012

The mistakes were made in the bank’s Chief Investment Office… in charge of managing excess cash and some of its investments. (read full story here)

It’s a comfort to know that your upstanding bank
Has safeguards in place so your nest egg won’t tank.
But, unforeseen error can swoop in to wisk
The disguise from the guys who claim they tame risk.

 

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