We released JPM personal for “Willful Misconduct”, which is the nice way to say Civil RICO. With the request for release became an admission of guilt.
Does the author discuss JPM’s massive derivatives portfolio as the insurance policies backing the ABS/RMBS from losses? Lehman’s was on both sides of the fence on this issue.
JPM was Trillions of dollars underwater with their Derivative portfolio.
Does the author have a means for contact. I would love to educate the author.