CNN Erin Burnett OutFront May 10, 2012
today, which is amazing. quote, this portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed. the portfolio in question, a portfolio of synthetic credit securities. i'll get to that in a moment. but this is bigger than jpmorgan. the "wall street journal" wrote about a secretive unit in jpmorgan that makes massive trades in things like synthetic credit securities and what are these? trades that bet on which way oil prices will go or interest rates or greek debt or anything like that. mortgages. remember that what caus...
Source: archive.org