Monday, April 9, 2012

JPM Trader Bruno Iksil Driving Derivatives Markets with 'Massive Positions' and 'Excess Capital'



A secretive JPM Trader in London, alternatively known as 'the London Whale' or 'Voldemort,' is distorting the credit derivatives markets with massive positions, and a willingness to move them advantageously in the markets.  It is a classic case of gambling with other people's money, in this case the excess capital provided by the Fed and the Treasury.

I am sure they are all legitimate hedging

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