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Hiltzik: Will JPMorgan's Dimon now shut up about the Volcker Rule?

L.A. Times
Friday, 11 May 2012

It's a measure of how successful Wall Street has been at eviscerating the so-called Volcker Rule that in its current guise it would not have prevented JPMorgan Chase from making the derivatives trades that produced the stunning $2-billion trading loss disclosed this week.
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Source: IBTimes.com - on May 11, 2012

News video: JPMorgan CEO Jamie Dimon: $2 Billion Trading Loss Could Spread to Another Billion or More

JPMorgan CEO Jamie Dimon: $2 Billion Trading Loss Could Spread to Another Billion or More

JPMorgan Chase announced on Thursday it suffered a trading loss of at least 2 billion dollars from a failed hedging strategy, a shock disclosure that hit financial stocks and the reputation of the bank and its CEO, Jamie Dimon.

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