JP Morgan Chase Still Corrupt and Loses 6.5 Billion In High Risk Trades. So is JP Morgan Chase doubling down on their exposure with their risky positions to recoup losses? Answer is YES
Internal email's from the time during the disaster indicate the bank's investment mangers knew exactly what was happening.
A "make believe voodoo magic 'composite hedge."
"[T]he only one I see is to stay as we are and let the book simply die ...."
"I can't hold on anymore to this thing." … "I don't know where he wants to stop ...but it's becoming idiotic ... [N]ow it's worse than before … there's nothing that can be done, absolutely nothing that can be done, there's no hope ... The book continues to grow, more and more monstrous."