Lisa in one sentence June 20, 2012 at 8:50 am

Lisa Pollack has a long and good post on FT Alphaville which can be summarized thusly:

So, Mr. Regulator, given you had full reporting of JPMorgan’s synthetic credit trades in the DTCC warehouse, and it was blatantly obvious from that that they had a whale of a position, why didn’t you do anything about it?

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