JPM desperate to defend losing position on CDIs

Large tech companies are the same. Big organizations - public, private or mixed - are all generally equally inefficient and non-meritocratic.

It's in our nature to organize in that manner...

 

Should have pointed out that article is dated April6, posted it more for the mechanics of the trade than timely info. They wanted more info, guess they have some now.

 

It not going to be 100 yards, not nearly since they have a spread position on. I would say 7ish yards is their max loss - the curve can only go that steep.

 

Thats not really what they are doing, though.

 

My bad then.

 

dude, please don't do that! some people did not know what tube8 is and pasted it directly in the browser...

 

mea culpa. I thought the pron inference was enough to tip-off the unsuspecting.

 

Meant 10x the stated $800MM.

 

Waiting for the call from compliance?

 

no, it was blocked and i can claim it was a typo ... my junior told me that I am missing a lot of interesting things in life if i don't know what this is