Authors:

  • Mark Roe

Excerpt

London Whale is the Cost of Too Big to Fail. Mark Roe, March 25, 2013, Opinion. "The report by the US Senate staff on JPMorgan Chase’s “London Whale” trades, delivered last Friday, excoriates the bank for failing to make the full extent of the problem known to regulators and the public. But a focus on who knew what when can result in missing the big point: the cost of our too-big-to-fail banks is even heftier than is widely appreciated.The conventional wisdom in many circles is that the losses caused by the trades are regrettable but we can all move on..." Link verified June 19, 2014