Daily Archives: May 11, 2012

Co-author of Volcker rule on JP Morgan losses

Posted on May 11, 2012 by Danielle Park

Senator Carl Levin, (D-MI), a co-author of the Volcker rule, discusses the renewed warning on systemic risks with JP Morgan’s $2 billion trading loss and the loop-holes bankers like Dimon are pushing for, in order to work around regulation. Here … Continue reading →

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Hard Assets New York Monday and Tuesday

Posted on May 11, 2012 by Danielle Park

I will be in New York on Sunday to Wednesday next week for some meetings and media and to speak at the Hard Assets New York investment conference at the Marriott Marquis in the heart of Times Square.  Things kick … Continue reading →

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Neil Barofsky on JP Morgan’s “hedging” losses

Posted on May 11, 2012 by Danielle Park

Here is a point typically missed in the hours of breathless banter on bankers’ “hedging strategies”. Leverage magnifies risk: it increases profits on the way up and predictably vaporizes capital when asset prices reverse course. On the opposite end of … Continue reading →

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