June 25, 2012
U.S. Banks Are Unprepared for Euro Crisis
Simon Johnson, Bloomberg
What are the odds that JPMorgan would lose no more than $50 billion on assets of $4 trillion, much of which is complex derivatives, in a euro-area breakup, an event that would easily be the biggest financial crisis in world history?
TAGGED: JP Morgan, Germany, United States, Eurozone, Europe