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JPMorgan's Loss Was From Prop Trading, Not Hedging: Meredith Whitney
Meredith Whitney is answering a question that neither the House nor Senate banking could figure out after questioning JPM chiefThe bank analyst, who famously predicted that Citi would need to reduce its dividend and raise at least $30 billion of capital back in 2007, is now calling JPMorgan out on its $2 billion trading loss saying the bets were indeed prop trades.that it’s “very hard” to argue what...
Forbes | 335 Day(s) Ago