Let’s police ourselves – it really works – The London Whale Edition.
I’ve started to take greater interest in JPMorgan’s London Whale trading scandal in light of the information that has been uncovered. Anyone masochistic enough to sift through the Levin-McCain report can do so at Propublica. FT Alphaville is running a series of posts based on the findings in the report. There are currently four parts in the series (here). I expect that more will be added. Please note that registration is required on the FT Alphaville blog.
It’s not the kind of report that sheds a positive light on the bank run by one of the most outspoken opponents of financial reform. Schadenfreude, anyone?