CuriosityCat: The London Whale: The Massive Gambles our Regulators and Banks are taking and why You will pay

We have all heard of the London Whale and his role in betting $100 billion (that’s $100,000,000,000)on derivatives and losing several billion for the proud and now humbled JPMorgan. And there’s one article you just have to read to understand why this can happen, has happened, and will happen, and why you – the ordinary ...