JP Morgan hey?
Is this the same company, whose head of Global credit derivatives invented the much notorious credit default swap back in 1995?
In case you don't know, CDS contracts have been are dubious complex (mostly) synthetic OTC traded derivatives that caused much of the sub prime mortgage market.
Is that the same back that had to change its business model from 'originate to distribute' to traditional banking model?
I can go on. I prefer not to.
-----------------------------------------------
The aforesaid is non expert opinion. I disclaim all liability that may incur as a result of any reliance or decisions made due to what I have written or what may be imputed as a result. Seek your own advice.
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