The Risky Risk Management Practices at JPMorgan Chase

As a taxpayer responsible for backing up JPMorgan in the case of a collapse, are you reassured to discover how CEO Jamie Dimon first learned of JPMorganChase’s possible $5 billion loss? It came, not from listening to his high-paid risk managers, but from reading a page one article of the Wall Street Journal on April 6, 2012, many months after the firm was getting deeper and deeper into a hole.