One more Corzine failure

By: ashland_avenue (Diary)  |  October 26th at 01:57 PM  | 

What do you call a financial company leveraged 11 to one, and making money?  How about JP Morgan Chase, with $1,941 billions of liabilities supported by its assets and also $176 billion of equity. What do you call a financial company leveraged 32 to one, uncertain as to whether there is a tomorrow?  How about:  one more failure of former NJ Governor John Corzine? After | Read More »