JPMorgan Fiasco Highlights Need For Simpler Banking
Category: BUSINESS
You can parse the stories about how the bank's risk-management people loaded up on risk, or digest the accounts of how JPMorgan's financial wizards engineered mind-bendingly complex means of limiting their vulnerability to troubles in Europe. But the simplest answer is the most pertinent: It's extraordinarily complicated.
By Peter S. Goodman, Contributor
Executive Business and Global News Editor, The Huffington Post, 2012-05-28