JP Morgan’s $2 bln loss has implications for individual investors.
It’s a question of whether banks are still making outsized speculative bets and now just calling them hedges.
Here are 7 of the best stories from around the blogosphere that put it in perspective:
The world’s largest prop trading desk just went bust (Zero Hedge)
The point is how much aggregate risk banks should carry (Sally Krawcheck)
Banks can kiss weakening of the Volcker Rule adios (Streetwise Professor)
Why details are scarce (Business Insider)
New fodder for reformers (DealBook)
The banks are just too complicated (Kid Dynamite)
JP Morgan loss confirms it’s time to kill VAR (Naked Capitalism)