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Insuring the Casino.
- Source :
-
Nation . 6/18/2012, Vol. 294 Issue 25, p4-6. 3p. - Publication Year :
- 2012
-
Abstract
- The author argues about the potential risks involved in multinational banking corporation JPMorgan Chase's derivatives trading and the implications this practice has for U.S. taxpayers. Topics include how JPMorgan's deposit base is reimbursed by the Federal Deposit Insurance Corporation (FDIC), JPMorgan's controversial trades which resulted in losses of $3 billion, and the total contract values of other FDIC-insured banks.
- Subjects :
- *CORRUPT practices in the banking industry
*DERIVATIVE securities
*FINANCIAL risk
Subjects
Details
- Language :
- English
- ISSN :
- 00278378
- Volume :
- 294
- Issue :
- 25
- Database :
- Academic Search Index
- Journal :
- Nation
- Publication Type :
- Periodical
- Accession number :
- 76574222