Why Jpmorgan Chase Is Unsafe At Any Scale

Should we cheer the announcement of JPMorgan Chase’s record profits for the first quarter of 2013? Or should we lament JPMorgan Chase’s continuing failure to account for $1.660 trillion worth of its riskiest assets—derivatives—which are kept off its balance sheet and hidden from public view? Tone change: from brashness to compliance Let’s start with some good news.

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