How JPMorgan was cheated of $175 million by a 'teenage prodigy'

https://www.business-standard.com/a...lion-by-a-teenage-prodigy-123012200812_1.html

 

I wonder how many JPM heads are going to roll over this...

 

somebody will get fired but not the greatest acquisition fuck up JPM has done. That was the first bid for bear stearns ($2)

 

Looks like JPMorgan got Franked.

 

For a company that makes money on advising mergers & acquisitions, they sure got hoodwinked. The Matt Levine commentary is a great read on the matter.

https://www.bloomberg.com/opinion/articles/2023-01-12/jpmorgan-says-frank-was-fraud

 

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Fundamental flaw also\
enable pigs to slop more @Student loan gov trough\LOL Cant make this stuff up.
Coal Miners Daughter\
lived in a cabin in Butcher's Holler\
Like a mail order catalog\
daddy made money from sellin' a hog.
Like L Lynn's fossil fuel song says /some times better to sell a hog than buy a hog