One more Corzine failure

    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 »