Investor Uprising Contributor Marvin Kitman Weighs In on JP Morgan
NEW YORK, May 14, 2012 /PRNewswire/ -- Investor Uprising, the individual investor's no-nonsense resource for global business trends and investment ideas, has published a column by Marvin Kitman looking at the $2 billion in trading losses at JP Morgan Chase & Co. (NYSE: JPM).
Kitman, a long-time Investor Uprising contributor and former Newsday columnist, says that as a holder of a Chase bank account, his confidence was badly shaken by the revelation that the bank had booked a loss of $2 billion on derivatives trades out of its London office.
Kitman asks why the bank would even consider a trade on European sovereign debt with the entire region in chaos and crisis, something the average citizen could learn by picking up the newspaper.
"Why, even I would know, without going to that school of banking, you'd be better off going to the racetrack than betting on those Eurozone ponies," writes Kitman.
You can read the whole column here: "Who's in Charge at My Bank?"
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Investor Uprising is the individual investor's no-nonsense community for accessing business trends and investment strategies. Combining expert market commentary, fundamental analysis, and on-the-ground reporting, Investor Uprising helps the reader find the best investment opportunities in global markets. Sponsored by PR Newswire and operated by UBM plc, Investor Uprising's community of contributors reaches millions of potential business readers around the world. Twitter @InvestUprising
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