Will this be third time lucky for JPMorgan to really bring the house down? JPM championed two financial innovations that led to global financial crises; their RiskMetrics for the LTCM crisis in 1998 & the Bistro credit derivatives structures for the sub-prime loan meltdown in 2007. Call it fate —- JPM announced that it was creating a crypto token called JPM Coin to facilitate *instantaneous transfers of their 6 trillion dollars a day payments between institutional accounts*. What could possibly go wrong?
MonMon OctOctOctOct 2018
08:55
