Tuesday, May 15, 2012
Banks Are Rewarded for Hedging When They Win But Crucified When They Don't - Why?
Well, I found it quite fascinating when JP Morgan Chase lost $2 Billion from their hedging and distinct Senators called for an investigation. You see, Frank-Dobbs has not gone fully into effect yet, and international banking concerns based in the US are allowed to hedge to protect against losses. Further, as they were making incredible profits and gains from their hedges previously, no one said a body, well, except; congratulations. More information: read
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