JP Morgan – the best of Wall Street?

A couple of days ago, President Obama stated that JP Morgan was one of the best run financial houses on Wall Street.

I don’t know about you, but this statement makes me nervous. If the best can lose $2 billion in a trade that financial experts can’t figure out, then what are the average guys doing? Are they losing more money or betting more money on crazier financial tools?

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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