Cancel 2016.2
The Almighty
http://www.bloomberg.com/news/2012-...-drew-to-retire-replaced-by-zames-as-cio.html
All you crazy bastards in NY and not one of you has taken out Jamie Dimon?
So Ina Drew is going to 'retire'... who wants to bet she gets a nice package for retirement after that tiny $2B trading loss?
and to replace her is...
Are you f'in kidding me? Dimon takes one of the schmucks that caused the collapse of LTCM due to going all-in long on Russia in 1998 (right before an 80% devaluation in the Ruble) and puts him in charge of the largest US banks hedging? Russia relies on its minerals and oil to propel its economy. Oil and commodities were tanking. It was a moronic play... where the hell is the SEC?
All you crazy bastards in NY and not one of you has taken out Jamie Dimon?
So Ina Drew is going to 'retire'... who wants to bet she gets a nice package for retirement after that tiny $2B trading loss?
and to replace her is...
Matt Zames, the 41-year-old head of global fixed income in the investment bank, will succeed Drew as CIO, New York-based JPMorgan said today in a statement. The entire London staff of the bank’s chief investment office, where the loss occurred, is at risk of dismissal, a person familiar with the situation said.
Are you f'in kidding me? Dimon takes one of the schmucks that caused the collapse of LTCM due to going all-in long on Russia in 1998 (right before an 80% devaluation in the Ruble) and puts him in charge of the largest US banks hedging? Russia relies on its minerals and oil to propel its economy. Oil and commodities were tanking. It was a moronic play... where the hell is the SEC?